Gold Starts the Week Strong Amid Dollar Struggles
Updated
Gold prices climbed to $2,640 at the start of the new week as the US Dollar struggled to maintain its momentum, led by ISM's manufacturing PMI. Hopes for Chinese stimulus measures and a slightly risk-on sentiment also bolstered the precious metal. All eyes remain on geopolitical developments and Fedspeak for fresh catalysts.
On the upside, the XAU/USD pair could aim for the psychological resistance around $2,691, followed by the next hurdle at the monthly high of $2,718.
On the upside, the XAU/USD pair could aim for the psychological resistance around $2,691, followed by the next hurdle at the monthly high of $2,718.
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