Xauusd Jumps Big Into Buy Zone

19 mag

XAUUSD
Gold traded higher early on Friday despite gains for the dollar and yields, as the precious metal continues to look to retest the US$2,400 mark it last touched a month ago and has failed to top since.

Gold for June delivery was last seen up US$11.00 to US$2,396.50 per ounce.

The precious metal has firmed below the U$2,400 mark since touching a record close of US$2,413.80 on April 19 as the outlook for the potential stimulus of US interest-rate cuts waxes and wanes on economic data and comments from Federal Reserve governors.