Gold price bounces from multi-day lows as bargain hunting kicks in early Wednesday. The US Dollar reverses recovery gains as investors doubt President Trump’s intentions. Gold price appears a ‘buy-the-dips’ trade as the RSI eases and prods the bullish zone. Gold price has bounced off the dip to three-day lows near $3,310 early Wednesday…
Gold price rebounds from the Asian session trough as the USD stalls its recovery from a multi-year low. The weakening investors’ confidence in the US economy and Fed rate cut bets weigh on the Greenback. The optimism over easing US-China tensions remains supportive of the risk-on impulse and caps the XAU/USD pair. Gold price (XAU/USD)…
Here is what you need to know on Monday, November 11: Markets remain cautiously optimistic at the start of a new week, following a record-setting rally on Wall Street last week. Disappointment with China’s 10 trillion yuan ($1.4 trillion) fiscal stimulus package and soft inflation data raise concerns over economic prospects, sagging investors’ confidence. China’s…