Gold Price Analysis: XAU/USD buyers look to $1,900 amid cautious optimism

Gold picks up bids, prints second positive day following Monday’s heavy drop to the late-September low.

Asian shares stay positive in early trade, US stock futures keep the mildly grim tone.

Virus woes, updates on vaccine research probe earlier hopes.

US holiday can restrict market moves, risk catalysts to keep the driver’s seat. Gold extends the previous day’s recovery moves to $1,878.60, up 0.31% intraday, as markets in Tokyo open for Wednesday’s trading. The yellow metal slumped to the September 28 bottom on Monday before bouncing off $1,850.56. Although the US dollar’s inability to hold the early-week gains help the precious metal buyers, a light calendar in Asia and mixed signals from the key risk areas may continue challenging the commodity traders. Stimulus hopes keep the buyers hopeful… With a halt in China’s vaccine trials in Brazil, due to the death of a volunteer, pours […]

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