Gold price (XAU/USD) rallied to over a three-week high, around the $1,932-1,933 area on Friday in the wake of the intensifying Israel-Hamas conflict,
Gold price kicks off the new week on a weaker note and reverses a part of Friday’s rise to a multi-week high. Failure to find acceptance above the 200-day SMA prompts some profit-taking amid elevated US bond yields. Israel-Hamas conflict and dovish Fed expectations should help limit any meaningful downfall for the XAU/USD. which forced investors to take refuge in traditional safe-haven assets.
The Gold price might then accelerate the momentum towards the $1,945-1,947 heavy supply zone. A sustained strength beyond the latter will be seen as a fresh trigger for bulls and pave the way for a further appreciating move. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the Pound Sterling. USD EUR GBP CAD AUD JPY NZD CHF USD -0.02% -0.02% -0.02% -0.20% -0.06% -0.30% -0.09% EUR 0.02% 0.
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