Gold outlook: XAU/USD rebounds but risks tilted to downside
From forex.com
Gold prices have started this week with a modest bounce. After rising a little on Monday, prices recovered from a weak start today to turn positive on the session by mid-day in London. But beneath the surface, the momentum has started to feel rather fragile. After touching a record high of $3,500 in April, the yellow metal has failed to reclaim that glory, even if other precious metals like silver and platinum have surged higher. The appeal for the safe-haven gold has moderated a little, owing to the improved global risk sentiment. On top of this, the US dollar has shown some signs of life, although it has yet to ...
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