Gold price sticks to gains as US Dollar weakens with yields
Gold prices increased positively on Thursday as US bond yields decreased and the US dollar weakened. Political tensions and economic difficulties in China also contributed to the positive movement. Further growth in the stock market will limit any significant price increase for the safe haven precious metal.
Traders continue to describe the trading strategy of "buying on dips" for Gold, as long as the crucial support level at $1,963 is maintained.
Traders continue to describe the trading strategy of "buying on dips" for Gold, as long as the crucial support level at $1,963 is maintained.
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