Gold price (Yellow Metal) retreated over $20 intraday and finally settled in the red for the third successive day on Tuesday, albeit lacking follow-through selling. Expectations the Federal Reserve (Fed) will ease its monetary policy this year, along with concerns about fragile economic recovery in China and geopolitical risks, continue to act as a tailwind for the precious metal. Apart from this, subdued US Dollar (USD) price action and the cautious market mood assist the safe-haven commodity to attract some buyers during the Asian session on Wednesday.
Precious metal markets
Gold Prices is Ready for Bigger Breakout, According to Technical Chart – Gold Silver Reports
Gold Silver Reports – Gold Prices is Ready for Bigger Breakout, According to Technical Chart Gold hit 14-month highs last week, U.S.-China trade relations and the U.S. Federal Reserve’s plans for monetary policy ahead of a meeting between the central bank’s leading officials.