Gold price is seeing fresh demand early Tuesday, having held onto its tight corrective range at the start of the week on Monday. Gold price booked the
Gold price is bouncing back toward $2,000, as US Treasury bond yields take a breather. US Dollar licks its wounds, awaiting PMI data and fresh Middle East geopolitical updates. Gold price keeps the bullish bias amid a favorable technical indicator on the daily chart. first daily loss in five, although the pullback was capped by a sharp retracement in the US Treasury bond yields, which dragged the United States Dollar lower.
Further, investors remain hopeful of upbeat earnings reports from the US tech giants - Apple Inc., Microsoft, Alphabet Inc., Amazon.com Inc. and Nvidia Corp. Also, encouraging discussions between the US and China at their first meeting of the economic working group has also added to the improved market sentiment, keeping the safe-haven US Dollar undermined while the Gold price catches a fresh bid to challenge the $1,980 barrier, at the time of writing.
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