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 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: Gold built on its recent bounce from multi-month lows, around the $1,677-76 region & edged higher during the first part of the trading action on Tuesday. Bulls are looking to seize control above the $1,720 pivot.
Gold prices fell to the lowest in more than two months as a stronger dollar and better-than-expected U.S. economic data diminished the appeal of the metal as a haven.