November 29, 2019
In Asian session, Gold recover from a dip to session low of $1455.14. However, it remains below resistance $1460, keeping upward movement in check.
Weakness in the US dollar across the board makes gold to find support. Also, after US President Trump's Hong Kong Democracy Act, uncertainty increases in US-China trade deal, which may lead impressive movement in Gold in coming days.
Till date Gold performing low in month of November. Gold need fresh catalysts to find direction. Investors are inactive in thanksgiving holiday mood, last month of year starts from next week giving chance to unwind present low movement.« Back to News & Reports List