Gold Price Forecast: XAU/USD nears $5,000 on lingering political woes

Strong Rally in Gold Back Toward $5,000. Bitcoin Smashed Again

The rising wedge in Bitcoin broke hard. Expect another bear market.

Gold Price Forecast: XAU/USD nears $5,000 on lingering political woes

Spot Gold managed to recover ground after falling sharply for two days in a row, trading well above the $4,900 mark in the American session on Tuesday. The US Dollar (USD) lost its recent momentum, although losses against other currencies are limited.

XAU/USD nears $5,000 on lingering political woes

XAU/USD Current price: $4,955 A partial US government shutdown interrupts the release of employment data. US President Donald Trump announced a trade deal with India, reducing tariffs. XAU/USD aims to resume its haven rally, $5,000 under assault. Spot Gold managed to recover ground after falling sharply for two days in a row, trading well above the $4,900 mark in the American session on Tuesday. The US Dollar (USD) lost its recent momentum, alt…

Gold Price Rebounds Above $4,900 as US Dollar Weakens

Gold (XAU/USD) extends its recovery from the lowest level since January 6, recorded in the previous session, and climbs back above the $4,900 mark during early European trading on Tuesday. A modest pullback in the US Dollar (USD), which retreats from an over one-week high touched on Monday, supports the yellow metal after a sharp […] The post Gold Price from four-week low, reclaims $4,900 as USD softens appeared first on XtremeMarkets.