Gold Price Analysis: The tide is turning once again in favor of XAU/USD bears
newscatcher
2021-05-05 06:30
Gold Price Analysis: The tide is turning once again in favor of XAU/USD bears
Gold attempts a tepid recovery after the Yellen-induced blow. However, XAU/USD's continued rejection at $1800 keeps buyers on the edge, FXStreet's Dhwani Mehta reports. See – Gold Price Analysis: XAU/USD to see selling pressure on risk-on return – OCBC 'Gold's rebound could gain traction if the risk recovery picks up momentum and weighs further on the dollar in the day ahead. However, upbeat US ADP jobs and ISM Services PMI could revive the bullish undertone in the US currency, limiting gold's advance.

https://www.fxstreet.com/news/gold-price-analysis-the-tide-is-turning-once-again-in-favor-of-xau-usd-bears-202105050623

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