Gold Price (XAU/USD) stays on the front foot at around $1,917, despite posting mild gains amid the early hours of Thursday’s Asian session, as market
improved but the Bank of Japan is already defending its ultra-easy monetary policy and there’s no harm for the XAU/USD there.
More importantly, the US 10-year Treasury bond yields flashed the biggest daily fall in three weeks to portray the market’s optimism and propel the Gold Price.While the start of a two-day-long annual Jackson Hole Symposium organized by the Kansas Federal Reserve gains the Gold trader’s attention, the US Durable Goods Orders and weekly Jobless Claims could offer more directions for a precise prediction of the XAU/USD price.
Hence, the Gold Price is likely to extend the latest run-up towards a horizontal area comprising multiple levels marked since mid-March, around $1,930–35.
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