Gold price (XAU/USD) scales higher for the fourth successive day on Friday – also marking the fourth day of a positive move in the previous five – and
Gold price prolongs its uptrend and advances to a near three-month high on Friday. Geopolitical risks continue to drive haven flows and lend support to the XAU/USD. Elevated US bond yields, a stronger USD might cap gains amid the overbought RSI. climbs to a near three-month peak, around the $1,982 region during the Asian session. Concerns over geopolitical tensions in the Middle East continue to drive investors towards traditional safe-haven assets and boost demand for the precious metal.
A convincing break below, however, might prompt some technical selling and drag the Gold price to the weekly low, around the $1,908 region en route to the $1,900 round figure. The latter coincides with the 50-day SMA support and should act as a strong base for the XAU/USD. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the Canadian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.09% 0.01% -0.
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