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Gold Price Forecast: XAU/USD Jumps to Near $3,370, Following Base-Building Near 20-EMA
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6 Articles
Today, Tuesday, gold prices rose to their highest level in more than a month, supported by the weakening of the United States dollar and the decline in treasury bonds, as investors looked forward to progress in trade talks before the deadline
Gold prices hover near all time highs amid dollar weakness
Gold prices are holding steady near all-time highs, as a weakening dollar provides support for precious metals even as risk sentiment improves. Strength in risk assets, such as equities, continues, but gold is showing no signs of substantial retracement as a soft dollar keeps gold prices in the region of $3,400. “The precious metals complex […] The post Gold prices hover near all time highs amid dollar weakness appeared first on UK Investor Maga…
Gold Price Forecast: XAU/USD jumps to near $3,370, following base-building near 20-EMA
Gold price (XAU/USD) advances to near $3.370 during the European trading session on Monday. The precious metal gains as the US Dollar (USD) corrects after failing to extend its recent upside move. Technically, lower US Dollar makes the Gold price an attractive bet for investors.
Early on Monday, an ounce of $3,370 was paid for. US customs policy between the US and the EU as a price driver. Gold has gained 30 percent in value since the beginning of the year.
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