Gold Price News and Forecast: XAU/USD attempting to bounce up from one-month lows at $1860

Gold Price Analysis: XAU/USD stays depressed around five-week bottom above $1,850

Gold prices drop to $1, 866.36 amid the initial Asian session trading on Friday. The bullion dropped to the fresh low since September 28 on Thursday as the King dollar benefited from the upbeat US data and risk-off mood. However, a lack of major catalysts after the US session pushed the metal traders to look for extra hints before stretching the two-day downtrend towards challenging the monthly low of $1,860.

Read more … Gold Price Analysis: XAU/USD attempting to bounce up from one-month lows at $1860

Gold futures are attempting to bounce up after having depreciated more than 2% over the last two days. The yellow metal has picked up after hitting one-month lows at $1,860 although the upside moves are finding sellers at the $1,875 region.XAU/USD’s bearish reversal from mid-October highs above $1,930 accelerated on […]

Click here to view original web page at www.fxstreet.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.