Gold XAU/USD New Price Today Advances To New Historic High Above $2,430
Escalating geopolitical tensions help XAU/USD continue to push up despite the broad-based US Dollar strength.
Any meaningful corrective slide below the Asian session low, around the $2430 area, however, is likely to find decent support near the $2430-2350 region.
XAU/USD ignores rising US yields and broad USD strength.
The technical outlook shows that Gold remains extremely overbought.
Gold rally continued despite surging US yields this week
Gold started the new week on a bullish note and closed the first two trading days of the week in positive territory.
As the trading action remained relatively subdued ahead of the key inflation data from the US, however, XAU/USD’s gains remained limited.
Gold XAU/USD New Price Today Advances To New Historic High Above $2,430