Gold Bounces from Multi-Month Lows, Stays Near $4,000
Gold recovers from recent lows near $3,959 but remains under pressure, trading around $4,000 as the US Dollar's momentum stalls.
XAUUSD
Gold edged higher on Thursday, hovering around the $4,000 mark after bouncing off its multi-month low of $3,959. The precious metal managed to hold above that level despite the US Dollar remaining near fresh one-year highs.
The greenback's upward steam faded slightly, giving gold some breathing room. However, the metal continues to face pressure as the dollar stays broadly strong. Traders now watch for further cues on the dollar's trajectory.
Source: FXStreet Forex News