Gold outlook: XAU/USD likely to remain on the defensive

From forex.com

Gold prices eased lower in the first half of Monday’s session, even as the US dollar edge lower. Investors have largely looked through the latest military exchanges involving the US and Iran, especially after the two sides have apparently agreed to end days the fighting around the Strait of Hormuz and resume peace talks. The trend is clearly bearish on gold, at least for now. While the precious metal managed to post gains across the final two sessions of last week, it still finished lower overall, marking a fourth consecutive weekly decline. Attention now turns to a shortened trading week packed with important ... (full story)