Gold tracks more sideways so far to start December trading ...Middle East

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The precious metal is up 0.2% to $2,637 on the day but it doesn't really indicate much, with the low earlier having dipped to $2,613 for a bit in Asia trading. In any case, price action continues to rest mostly in between $2,620 to $2,655 this week and that reflects a more limited range for gold.If anything, the price action mimics the push and pull mood in the dollar in general as well. But for gold itself, it points to a lack of conviction over the last two weeks more than anything else.The December seasonal tailwind is a positive factor for gold buyers to work with. However, they would prefer to have a strong catalyst to work with and that being the kicker rather than it being the main im

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Last updated : 06 Dec 2024 clock 09:16 AM

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Gold tracks more sideways so far to start December trading ...Middle East

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