The precious metal posted meager gains on Friday amid risk-off sentiment. Investors remain concerned with the US and China trade talks. This led to the equity markets falling on a shortened trading day in the US The safe-haven asset closed on Friday with 0.59% gains on the day.
XAU/USD Back at Resistance
XAU/USD saw gains that sent the prices to test the resistance level near 1462. The rebound comes as the bearish momentum is fading. But a further continuation is required for gold to maintain the current trend. If there is a strong close above 1462, we expect prices to rebound back to the 1480 region.
