Gold unable to recover, holds at 4-month lows

Gold unable to recover, holds at 4-month lows

Gold remains under pressure below $1,300/oz as US yields consolidate at multi-year highs. DXY modestly higher, although the US Dollar is down against commodity currencies. Gold continues to trade near daily lows. The rebound was short-lived and after finding resistance at $1,292 dropped back toward the lows. It bottomed earlier today at $1,286.25 the lowest […]

The post Gold unable to recover, holds at 4-month lows appeared first on Forex Crunch.

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