Gold price quickly reversed a mid-European session dip to the $1534 region and moved back into the positive territory post-US GDP.
Gold price rose sharply in the Asian session. The XAUUSD pair reached a high of 1554.23 as investors continued the rush to safe havens.
Gold price is currently back above the $1500 level and is now hovering around the $1506.02 support level as the momentum picks up again.
As expected, Gold price edged lower during yesterday’s session to reach the $1494.36 support level after losing momentum.
Gold price edged lower for the second consecutive session on Monday, albeit managed to hold its neck above the key $1500 psychological mark.
Gold price today tumbled after hitting record highs recently. Will the yellow metal decline further?
Gold price takes a breather during Friday’s session after failing to print new highs as the momentum drops.
Gold price edged higher through the early European session on Monday and climbed to fresh multi-year tops, around the $1459-60 region, in the last hour.