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Gold Price Analysis: XAU/USD extends daily rebound toward $1,900

5 days ago   |   By FXCM

XAU/USD gained traction after edging lower earlier in the day.
Ongoing USD weakness seems to be allowing gold to push higher.
A daily close above $1,900 could open the door for additional gains.
Following Thursday's steep decline, the XAU/USD pair staged a decisive rebound on Friday but ended up snapping a four-week winning streak. With the greenback struggling to find demand at the start of the week, gold continues to edge higher and was last seen gaining 0.25% on the day at $1,895.
On Friday, the data published by the US Bureau of Labor Statistics revealed that Nonfarm Payrolls in May...
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