Gold price is off a new lifetime high at $2,441 but looks to extend Friday’s upswing at the start of the week on Monday.
Gold price extends Friday’s upswing, recording a new all-time-high near $2,440. The US Dollar struggles amid negative US Treasury bond yields and an upbeat mood. Gold price closes on the overbought territory on the daily chart, awaits Fed speak. Gold priceis off a new lifetime high at $2,441 but looks to extend Friday’s upswing at the start of the week on Monday.
However, if Gold sellers defend the $2,450 barrier, a retracement toward the $2,400 round figure remains on the card. The next relevant supports are seen at Friday’s low of $2,374, followed by the 21-day Simple Moving Average at $2,340. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange.
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