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Gold remains below $1562/60, ignores risk-negative news from the Middle East

1 month ago   |   By FXCM

Gold prices fail to cross the seven-day-old upside barrier.
The market seems to pay a little attention to the headlines from Libya and Iraq.
Broad US dollar strength, likely resolution to the latest geopolitical problems, US-China trade deal play against the risk-off.
Gold prices stay mostly downbeat while taking rounds to $1,557.20, following an uptick to $1,559, during the early hours of Monday's trading. The yellow metal fails to respond to the power play in Libya and protests in Iraq amid the broad US dollar strength. Also exerting downside pressure on the quote are hopes that the...
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