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Gold Price Forecast: XAU/USD remains supported above $4,100 in risk aversion
Gold’s reversal from all-time highs near $4,180 found support at $4,090 earlier on Tuesday. The precious metal trimmed losses in risk-off markets amid simmering tensions between the US and China, returning to the $4,125 area during the European trading session. News that the US and China were rolling out new fees for cargo vessels entering their ports has shattered expectations of a de-escalation of the trade rift between the world’s two major economies, and provided fresh demand to traditional safe-havens like Gold. The 4-hour chart shows the RSI coming down from oversold levels, although, in the current ... (full story)
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