Gold Price Analysis: XAU/USD struggles to keep Friday’s recovery above $1,850

Gold keeps pullback from $1,889.86, latest inaction portrays a range of $5 below $1,880.

Risks remain heavy amid the virus woes, cautious sentiment ahead of the US elections.

Delay in the American stimulus, US dollar strength also probe gold buyers.

Monthly PMI data can offer immediate direction, US presidential voting will be the key. Gold prices remain mostly choppy between $1,877.30 and $1,879.45 during the early Asian trading on Monday. The yellow metal refreshed October month’s low on Thursday before rising for the first time in two days on Friday. However, traders have turned cautious ahead of the key events as November begins. Nothing positive except for the US dollar… Be it the worsening coronavirus (COVID-19) conditions or the delay in the US COVID-19 aid package, not to forget about the jitters ahead of the American presidential election, everything weighs the risks. The UK has […]

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