fxstreet.com 15 Feb, 2021 01:30 am

XAU/USD stays unimpressive near $1,820 despite risk-on mood

XAU/USD stays unimpressive near $1,820 despite risk-on mood
Gold picks up bids near $1,823, up 0.08% intraday, during Monday’s Asian session. In doing so, the yellow metal struggles to defy the previous two-day

Risks cheer vaccine-led optimism, hopes of US stimulus despite fresh lockdown in New Zealand, Australia’s virus woes.On the contrary, fresh lockdown in New Zealand and Australia, coupled with the World Health Organizations’ (WHO) downbeat statement conveying fears of re-infection of the virus strains, challenge the mood.Light calendar joins holidays in China and the US to restrict market moves.Considering a light calendar in Asia and off at the key bourses, gold traders may witness a lackluster start to the week.

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