: Gold exhibited positive momentum at the start of the Asian trading session on Monday. The strengthening of the US dollar provided some support for the precious metal. However, the higher yields on US treasury bonds may limit the upward movement of gold in the upcoming session. The XAU/USD price is currently trading around $1,940, marking a 0.22% increase for the...
Gold prices continue their downward trend as the U.S. market opens, with XAU/USD trading at a new four-week low near $1,940. Despite subdued demand for the U.S. dollar, the precious metal is poised to conclude the week with significant losses. The daily chart for XAU/USD reveals speculative buyers attempting to surpass the 23.6% Fibonacci retracement level of...
Gold prices rebounded from a three-week low, trading around $1,960 per ounce during the Friday Asian session. Gold is on an upward trajectory, challenging the strength of the U.S. dollar (USD) and the higher yields on U.S. Treasury bonds following hawkish comments from Federal Reserve Chair Jerome Powell on Thursday.What do you think about this chart