During yesterday's trading session, the price of gold rose from its lowest level in more than two years, as the dollar fell after setting a new record. The XAU/USD gold price recorded the level of $1642 an ounce before retracing the general trend to the support area of ​​$1615 an ounce at the time of writing the analysis. Yesterday, bullion prices rose by 1.1%. While gold is seen as a traditional haven in times of economic distress, fears of a global economic recession fueled by monetary tightening of global central banks have instead led to significant gains in the dollar. Focus Remains on Dollar Strength The ... (full story)