Forex Crunch forexcrunch.com 27 Sep, 2020 23:30 am

Gold Price Analysis: XAU/USD picks up bids above $1,850 amid risk reset

Gold Price Analysis: XAU/USD picks up bids above $1,850 amid risk reset
Gold prices jump to near $5.00 while keeping late Friday's pullback from $1,852. Stimulus hopes favor S&P 500 Futures but virus woes challenge

Latest Gold Price Analysis: XAU/USD picks up bids above $1,850 amid risk reset UK preparing to enforce a total social lockdown across much of Northern Britain and potentially London – The Times US Pres.Get the 5 most predictable currency pairs Previous Article UK preparing to enforce a total social lockdown across much of Northern Britain and potentially London – The Times About AuthorAdditionally, catalysts likely allegations on US President Donald Trump and Brexit uncertainty are an extra burden on the market’s mood.While the surge in the COVID-19 cases, coupled with the likely return of national lockdown conditions in major economies, challenges the market mood, hopes of the virus vaccine tame the pessimism.

Uncertainty surrounding the US Presidential Election, Brexit play their roles amid a light calendar.In doing so, the economic calendar may prove to be less helpful, containing no major data/events, while headlines concerning Brexit, pandemic and US Presidential Election may offer important clues.

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