- Gold price meets with heavy supply on Monday and snaps a four-day winning streak.
- Rebounding US bond yields help revive the USD demand and weigh on the commodity.
- Trade war concerns and geopolitical risks help limit losses for the safe-haven XAU/USD.
Gold price (XAU/USD) maintains its offered tone through the first half of the European session on Monday and currently trades around the $2,630 region, or the lower end of the daily range. The US Dollar (USD) makes a solid comeback following the recent pullback to a nearly three-week low amid a goodish pickup in the US Treasury bond yields and turns out to be a key factor weighing on the precious metal.
Furthermore, expectations that US President-elect Donald Trump’s tariff plans and expansionary policies will boost inflation, and set the stage for the Federal Reserve (Fed) to stop cutting interest rates further undermine the non-yielding Gold price….
