Gold price remains at the back foot on Tuesday and continues to pressure key $5000 support zone (recent range floor / psychological / top of thin ascending daily cloud) after Monday’s attack failed to register sustained break lower. Broader bulls remain on hold with the price holding around the mid-point of $5598/$4402 corrective pullback, as global uncertainty keeps the metal underpinned, but dollar became more popular due to growing threats of fresh inflation rise over escalating Middle East crisis and oil shock on disruption of supply through Hormuz strait. The yellow metal is likely to hold in prolonged range ... (full story)