Gold maintains the upward pressure above $2,660, focus on China

Gold maintains the upward pressure above $2,660, focus on China

The increasing uncertainty in the Middle East and China’s purchases support Gold’s recovery. The US Dollar hesitates as strong US labour data did not curb hopes of further Fed interest-rate cuts next week. XAU/USD extends gains beyond the critical $2,665 price zone, needs to confirm channel breakout.

submitted by /u/Denchock
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