Kuala Lumpur 11:30 a.m. (GMT +8) - In the early Asian market, the U.S. dollar index fell under pressure and is now reported near 92.25. Boosted by the weaker U.S. dollar, gold price rose. Gold is current trading at around $1,873 per ounce. Analysts pointed out that although a weaker U.S. dollar is good for gold prices, the optimistic news of the new Covid-19 vaccine put pressure on gold prices, thereby limiting the rise in gold prices. In addition, the Fed will announce the minutes of the meeting this week. These factors are expected to have an impact on the dollar and gold trends. In terms of economic data, such as U.S. GDP this week, which may also affect the trend of gold prices.
spot gold daily chart: FX168
Translated from the original article: https://www.fx168.com/all/2011...
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