Gold Price and US Dollar Recovery • Gold (XAU/USD) price remains steady at $2,045 during Asian session. • US Personal Consumption Expenditures (PCE) Price Index shows lowest annual inflation in three years. • Potential future interest rate cut by the Federal Reserve. • US Dollar's recovery from 200-day SMA supported by the precious metal. • FOMC members indicate no rush to lower interest rates. • Investors expect Fed to wait for June policy meeting before borrowing cost changes. • Bullish sentiment in global equity markets deters new bullish bets on XAU/USD pair.