Gold price seesawed between tepid gains/minor losses through the early North American session and was last seen trading in the neutral territory, around the $1,880 region.
Gold Price Analysis; Gold finally broke out of its intraday consolidative trading range and surged to near three-month tops, around the $1,843 region during the early North American session.
Gold Price Analysis: Gold inches closer to the $1,800 threshold, refreshing weekly top to $1,788.31 by the press time of early Thursday. In doing so, the yellow metal takes the bids for the second consecutive day on the weaker US dollar. Recently propelling the commodity prices are the comments from US President Joe Biden.
Gold Price Forecast: Gold rebounded on Monday after finding support just under $1770, tracking the late decline in the US dollar across the board after Wall Street indices closed at record highs.
Gold Price Analysis: According to strategists at goldsilverreports.com, gold price needs to hold below the $1766 level neighborhood to maintain its immediate downside bias.