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Gold rebounds from 2-week lows, up around $1460 level

Gold edged higher through the early European session on Tuesday and is currently placed near the top end of its daily trading range, around the $1458-59 region.

A combination of supporting factors helped the precious metal to reverse an early dip to fresh two-week lows, around the $1451 region. The commodity turned positive for the day, snapping four consecutive days of loses, and has now recovered a major part of the overnight downfall. Read more…

Gold: downside pressure is growing

A failure of the recent rally to make any impression on the resistance band $1474/$1480 is certainly now weighing on the market. Downside pressure is growing as another negative session and bear candlestick yesterday closed below support at $1456 to re-open the November lows again around $1445. Read more”¦

xauusd gold chart