Gold has shown little signs of life in the last few days, but it's worth remembering it stands at record levels.
XAU/USD Current price: $2,330.47 Gold lacks directional strength, but keeps trading near record highs. Financial markets will trade on sentiment for much longer than believed. XAU/USD extends its consolidative phase above the $2,300 mark. Gold has shown little signs of life in the last few days, but it's worth remembering it stands at record levels. XAU/USD hit an all-time high of $2,449.92 in mid-May. The former record high was set two years ago at $2,070.
The country celebrates Juneteenth, and local markets are closed for the day. That said, there are no macroeconomic data or Federal Reserve speakers to act as intraday catalysts for the US Dollar. The next big event is the Bank of England monetary policy decision on Thursday, although the announcement tends to have a limited impact on Gold prices. Policymakers have to deliver a huge surprise to actually move the bright metal bar.
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