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Gold Price Analysis: XAU/USD extends losses below $1,730 amid broad risk-on sentiment

1 month ago   |   By FXCM

Gold prices print two-day losing streak with an intraday low of $1,720.87.
US President's step back from using further military powers to tame the riots fuelled the risk-on sentiment off-late.
Cautious optimism surrounding the coronavirus vaccine, hopes of economic restart also weigh the bullion.
US data, headlines concerning the protests, virus and US-China relations will be important to watch.
Gold prices drop to $1,725.96, down 0.12% on a day, amid the Asian session on Wednesday. Recent market optimism seems to have weighed on the precious metal as headlines from the US start flashing...
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