Spot Gold trades with a softer tone on Monday, piercing the $2,900 mark during American trading hours, albeit confined to familiar levels for a fifth consecutive day. The US Dollar (USD) found near-term demand despite a risk-averse environment. Global stock markets trade in the red at the beginning of the week, maintaining the focus on United States (US) President Donald Trump’s trade war.
The absence of relevant macroeconomic news fueled sentiment-related trading, albeit prevalent demand for safety kept XAU/USD between a rock and a hard place. Later in the week
The absence of relevant macroeconomic news fueled sentiment-related trading, albeit prevalent demand for safety kept XAU/USD between a rock and a hard place. Later in the week
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.