Gold drops to one-week low; flirts with trend-channel support on stronger USD
Gold price attracts fresh sellers on Thursday amid hawkish Fed-inspired USD strength. Trade uncertainties and geopolitical risks could support the safe-haven XAU/USD pair. Bears need to wait for a convincing break below a short-term ascending trend channel. Gold price (XAU/USD) turns lower following an intraday uptick to the $3,387-3,388 area and drops to a one-week … Read more