Gold price treads waters near the $1,980 post-intraday gains during the Asian session on Tuesday. The price of the precious metal receives upward supp
Gold price recovers the recent losses on improved risk sentiment. Escalation in Middle-East conflict could drive the demand for the safe-haven asset Gold. Updates from China might contribute to a positive shift in market sentiment. Softer US Treasury yields are undermining the US Dollar. ort due to the correction in the US Dollar , which could be attributed to the downbeat US Treasury yields. The US Dollar Index continues its four-day losing streak, hovering around 105.50. After peaking at 5.
The disclosure of China's plan to authorize slightly over 1 trillion yuan in additional sovereign debt issuance potentially improved the market sentiment. Furthermore, positive discussions between the US and China during their first meeting of the economic working group have contributed to an improved market sentiment. This has kept the safe-haven US Dollar under pressure, leading to an appreciation in the price of Gold. Market watchers gear up for a data-packed week.
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