Gold price moves away from multi-week high on hawkish Fed expectations
Gold price turned lower for the second straight day on Monday, though the downside seems limited. The Fed’s hawkish signal remains supportive of elevated US bond yields and exerts some pressure. Geopolitical risks and trade war fears might continue to offer support to the safe-haven XAU/USD. Gold price (XAU/USD) struggles to capitalize on its modest … Read more