Correction to $1,966 leads to a sharp rebound to fresh highs. Next in line appears the $2,000 area for XAU/USD. Gold turned to the upside after falling to $1,966/oz and jumped to $1,990.30 hitting a fresh record high. It is trading near the high with the bullish momentum intact. The move higher took place amid a pullback of the US dollar across the board. The greenback was extending yesterday’s positive momentum but it eased after the beginning of the American session. The DXY is off highs and in neutral territory of the day, around 93.50 after rising earlier above 93.80. US stocks turned positive while at the same time US yields printed fresh lows helping XAU/USD. The US 10-year yield fell to 0.515%, the lowest since mid-March. Silver outperforming While gold rises almost 1%, silver prices are up around 3%. XAG/USD rose almost a dollar over the last hour. It climbed back above $25.00 and peaked at 25.22, a one-week high The positive tone around metals remains intact and it appers to be gaining momentum after the correction of the previous sessions. XAU/USD Levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Index posts modest gains near 3,300, Florida reports 5,446 new COVID-19 cases FX Street 2 years Correction to $1,966 leads to a sharp rebound to fresh highs. Next in line appears the $2,000 area for XAU/USD. Gold turned to the upside after falling to $1,966/oz and jumped to $1,990.30 hitting a fresh record high. It is trading near the high with the bullish momentum intact. The move higher took place amid a pullback of the US dollar across the board. The greenback was extending yesterday’s positive momentum but it eased after the beginning of the American session. The DXY is off highs and in neutral territory of the day, around 93.50 after rising earlier above 93.80.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
