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Silver price (XAG/USD) bounces off the daily lows surrounding $21.00 to $21.25 as European traders brace for the key week on Monday.
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Gold seems to have lost its bullish momentum following last week’s action with the Relative Strength Index (RSI) indicator on the daily chart retreating slightly below 60. Nevertheless, XAU/USD holds comfortably above the 20-period Simple Moving Average (SMA), suggesting that sellers remain on the sidelines for the time being.
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LIVE BULLION INTELLIGENCE NEWS
Copper plump on china covid unrest gold drifts lower
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Copper prices fell sharply on Monday amid growing civil unrest in China over renewed COVID-19 lockdowns, while gold prices edged lower as markets awaited more signals on U.S. monetary policy from key economic data this week.
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Gold prices slipped on November 28 in the international markets, as a stronger US dollar made the greenback-priced metal more expensive for buyers holding other currencies.
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CRUDEOIL falls over $2 a barrel as China’s COVID protests fuel demand fears.
CRUDEOIL futures fell more than $2 a barrel on Monday, with WTI hitting an 11-month low, as protests in top importer China over strict COVID-19 curbs fuelled demand concerns.
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