Gold Daily Review for August 29, 2019
|Gold reversed an early dip to $1530 area and has now climbed to the top end of its daily trading range. Despite fading optimism over a quick resolutio|
|Spot gold prices have petered out in the US session and have been capped at $1,546.90, a touch below the start of the week’s highs for 2019 at $1,555.|
|After advancing to a session high of $1,547 earlier today, the XAU/USD pair lost its traction in the last couple of hours and erased its daily gains.|
|For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…|
|With the latest trade/political headlines renewing risk-off, Gold takes the bids near $1,540 by the press time of early Thursday.|
|Gold prices may rise if a revised set of second-quarter US GDP data reveals a larger downgrade than expected, stoking recession fears and pulling down Treasury bond yields.|
Have a nice trading!