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Gold slides to 3-day low, around $1460 region

25 days ago   |   By FXCM

Renewed US-China trade optimism weighed on the commodity's safe-haven status.
A sudden pickup in the US bond yields further collaborated to the intraday downfall.
A subdued USD price action seemed to do little to lend any support, at least for now.
Gold edged lower through the early European session on Monday and is currently placed at multi-day lows, around the $1460 region.
The precious metal extended last week's late pullback from the $1474-75 supply zone and witnessed some follow-through selling at the start of a new trading week. The incoming positive trade-related headlines continued...
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