Gold off Intraday Lows, $20 Away from its Record High
MarketsFN Team
•1 min read
The shiny metal has not lost its momentum yet, after the breakout of the most recent resistance in area $ 2,480. It made a pullback and cannot be excluded that soon would test again its historical top.
Expectations of rate cuts among major central banks, excluding the Bank of Japan, gave momentum to XAU/USD and now is trading at 2,513.24 , down by 0.18%.
Geopolitical tensions and a potential reduced supply in the crude oil market, could keep traders with short seller intentions more careful than usual.
