Gold prices are stabilising today with the futures market trading back above a key support level following a break below yesterday. XAUUSD is sitting back atop the 5,113.51 level today, helped by a cooling in USD as the DXY eased back from the multi-month highs yesterday. USD has been the preferred safe-haven vehicle across the initial reaction to news of the US/Israel conflict with Iran. However, price action today suggests that flows are perhaps starting to shift into gold and away from USD as traders monitoring the ongoing situation. The shift lower in USD appears linked to Trump’s announcement that the US ... (full story)