Gold Price Analysis: XAU/USD’s rebound extends to levels near $1,900

Gold extends recovery from $1,860 lows to approach $1,900.

XAU/USD appreciates amid a brighter market mood.

Gold futures have appreciated $17 so far today, extending the rebound from last week’s lows at $1,860 to reach session highs at $1895 at the time of writing. Gold appreciates amid a brighter market sentiment

The yellow metal has accelerated its recovery on Monday as a brighter market mood has undermined US dollar strength, triggering a modest recovery of some risky assets. Equity markets have opened the week on a strong footing, to pare losses following the sharp declines performed last week. The Dow Jones advanced 1.6% on Monday, with the Nasdaq and the SP Indexes 0.4% and 1.2% up respectivelyThe positive Chinese and US manufacturing figures have boosted market mood earlier today, easing concerns about the spread of COVID 19 infections and the second wave of lockdowns that are being […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet