Weaker US Dollar helps Gold price to regain positive traction

The US Dollar (USD) meets with some supply and stalls a four-day-old recovery trend from over a two-month low touched last week amid some repositioning trade ahead of the latest consumer inflation figures from the United States (US) on Wednesday. This, in turn, is seen as a key factor that benefits the US Dollar-denominated Gold price and remains supportive of the intraday positive move. That said, any meaningful upside seems elusive amid speculations that the Federal Reserve (Fed) may continue raising interest rates.