Gold Price Forecast: XAU/USD attracts some sellers below $2,350, eyes on Eurozone political concerns

Gold price edges lower to $2,325 in Monday’s early Asian session. The hawkish Fed continues to underpin the Greenback and drag USD-denominated Gold lower. The Eurozone political concerns might boost the safe-haven flows and cap the downside for yellow metal. Gold price trades on a softer note near $2,325 during the early Asian trading hours on Monday.

The Consumer Sentiment Index dropped 3.5 points to 65.6 in June from May's final reading of 69.1. The figure came in weaker than the estimation of 72.0. Additionally, the one-year inflation expectation held steady at 3.3%, and the five-year inflation outlook rose to 3.1% from 3%. On the other hand, the downside for yellow metal might be limited amid the Eurozone political concerns.

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