Gold price is holding fort above the $1,860 level after hitting a fresh one-week high at $1,865 in Tuesday’s Asian trading. Gold price is cheering a d
Gold price looks to build on previous recovery, eyeing key $1,880 resistance. US Dollar softens with bond yields on renewed dovish Federal Reserve expectations. Gold price has some more room to recover before sellers regain control. ual joy amidst renewed dovish US Federal Reserve interest rate expectations and the ongoing Middle East conflict.
” The conciliatory Fed commentary boosted risk assets while the US Dollar dropped with the US Treasury bond yields, allowing Gold price to build on the previous recovery from seven-month lows. As for Tuesday’s trading, Asian markets take the positive lead from Wall Street overnight, keeping the US Dollar contained to the downside. Although further upside in Gold price depends on fresh developments on the Israel crisis and the upcoming Fedspeak.
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