Gold Price News and Forecast: XAU/USD Rebounds A sell Everything Mode Pauses
|Gold New York Price: consolidates below $1500/oz and 200-DMA
Last week, XAU/USD recorded its worst weekly decline since 1983, erasing the early 2020 bull-run while now challenging the 200 DMA (daily simple moving average) on the daily chart. XAU/USD keeps consolidating losses below $1500 per troy ounce. Read more...
Gold Rebounds A sell Everything Mode Pauses
Gold is on the rebound on Friday, paring some of the losses from the previous 2 session. The precious metal is down over 10% across the past fortnight.
Rather than bounding higher on safe haven flows, gold has been under pressure across the past 2 weeks. Intensifying coronavirus fears resulted in investors liquefying their gold positions to either. Read more...
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