Gold Holding Key Support, But For How Long?

From tickmill.com

Gold prices are starting the week on a softer footing, picking up where they left off last week on the back of the pullback we’ve seen from recent record highs. Optimism around a potential scaling back of US/China trade tariffs has weakened safe-haven support over the last week, seeing gold futures slipping from highs. Trump & China Positive comments from Trump last week regarding the likelihood of China tariffs coming down from elevated levels, followed by news that China was reportedly considering some US tariff exemptions, is feeding into better risk sentiment for now. Looking ahead this week, any further ... (full story)