Gold Price Stays Consolidated Above $2,900: What Is Next?
The price of gold (XAU/USD) has struggled to gain substantial traction during the Asian trading session on Monday, remaining within a familiar range that has persisted over the past week. The ongoing fears of a global trade conflict continue to provide support for the safe-haven metal.
Traders should remain cognizant of market conditions and geopolitical developments, as they will play a crucial role in shaping future gold price movements. Understanding the factors at play can facilitate better trading strategies.