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.

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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.

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XAU/USD ignores rising US yields and broad USD strength.

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The technical outlook shows that Gold remains extremely overbought.

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Gold rally continued despite surging US yields this week

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Gold started the new week on a bullish note and closed the first two trading days of the week in positive territory.

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As the trading action remained relatively subdued ahead of the key inflation data from the US, however, XAU/USD’s gains remained limited.

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Gold XAU/USD New Price Today Advances To New Historic High Above $2,430

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