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Gold Analysis: XAU/USD Faces the $3,400 per Ounce Level Again
Gold has experienced two sessions of strong bullish pressure that have pushed the price back toward the $3,400 per troy ounce zone. However, during the current session, selling pressure has reemerged, with a drop of just over 1.5%, as the price remains near historical highs. The bullish trend in gold has remained intact amid persistent political and economic uncertainty, while the market also awaits the Federal Reserve decision. According to data published through April, for the fifth consecutive month, the People’s Bank of China has continued to increase its gold reserves, reaching 73.7 million troy ounces as of ... (full story)
