Gold price (XAU/USD) edges higher during the Asian session on Thursday, albeit lacking a follow-through and remains below the $2,000 psychological mark.
Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. A further rise in equity markets caps any meaningful gains for the safe-haven precious metal. Geopolitical tensions and China’s economic woes should limit the downside for the XAU/USD. A generally positive risk tone is seen as a key factor acting as a headwind for the precious metal.
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 Canadian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD -0.14% -0.09% -0.04% -0.16% -0.17% -0.22% -0.35% EUR 0.14% 0.04% 0.10% -0.03% -0.03% -0.08% -0.21% GBP 0.10% -0.05% 0.06% -0.07% -0.07% -0.12% -0.25% CAD 0.05% -0.10% -0.06% -0.12% -0.12% -0.17% -0.31% AUD 0.17% 0.05% 0.08% 0.14% 0.02% -0.05% -0.17% JPY 0.16% 0.05% 0.07% 0.11% -0.01% -0.
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