Gold price reversed an early dip to $1530 area and has now climbed to the top end of its daily trading range.
Gold price extends its bullish momentum into a second straight day on Tuesday, having found a strong support near $1500 mark a day before.
Gold price takes a breather during Friday’s session after failing to print new highs as the momentum drops.
Gold price extended its sideways consolidative price action on Friday and remained confined well within a narrow trading band around the key $1500 mark.
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.
Gold price declined initially towards the $1400 support zone before firing up by an impressive 48$ until this morning as the bulls stepped in hard.
Gold price declines to over two-week lows on Thursday, with bears now eyeing a move towards challenging the key $1400 psychological mark.