XAU/USD REMAINS STUCK BETWEEN TWO KEY BARRIERS AMID THIN TRADING

Tina Collins

24 Dec 2024 — 1 min read

XAU/USD REMAINS STUCK BETWEEN TWO KEY BARRIERS AMID THIN TRADING

Gold reverses its previous decline but remains within a familiar range early Tuesday.

The US Dollar continues to strengthen, aided by rising US Treasury bond yields, amid light market trading.

Gold is attempting another attempt at a higher price while holding near the $2,600 mark, similar to Monday's short-lived recovery.

Further upside in Gold price could be capped as the US Dollar remains supported by the Federal Reserve's hawkish stance and expectations of prolonged higher interest rates.

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ECB MEMBER ELDERSON WARNS OF RISKS OF RAPID RATE CUTS!

CHINA'S IMPORTS OF RUSSIAN OIL HIT RECORD HIGH LAST YEAR

CHINA'S VICE PRESIDENT HAN ZHENG MEETS MUSK AND VANCE, DISCUSSES CHINA-US RELATIONS

DOW RISES MORE THAN 300 POINTS, S&P 500 HEADS FOR BEST WEEK SINCE NOVEMBER AS RATES FALL