Gold price is miring in one-week lows just above the $1,910 round figure early Tuesday. The United States Dollar (USD) continues to follow the US Trea
However, the Japanese FX intervention doesn’t seem to be on the cards in the immediate term, although markets will continue to weigh the risks. Also, the focus will remain on the mid-tier United States CB Consumer Confidence and the New Home Sales data for fresh trading impetus. Speeches from several
At the time of writing, Gold price is challenging the multi-day low near the $1,910 round figure. A sustained break below the latter will put the $1,900 threshold to test. If the $1,900 support gives way, a fresh sell-off toward the August 21 low of $1,885 will be in the offing. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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