Gold Price Analysis: XAU/USD in stasis after ending two-week losing trend
Spot gold prices (XAU/USD) were indecisive on Monday, swinging within a $20 range from the upper $1840s to the upper $1860s. Volatility has died down in recent trade ahead of the start of the Asia Pacific session and the precious metal looks as if it is going to close out the day flat in the mid-$1850s.
Gold Price Analysis: Investors weigh the covid and stimulus risks, technicaly bearish
Gold is consolidating around $1,855 at the time of writing having travelled between a low of $1,847 and $1,867, virtually flat on the day so far. The mood on Wall Street was mixed at the start of the week with stocks pulling back from record highs amidst covid concerns and stimulus uncertainty.
US lawmakers continue to debate the coronavirus aid package and investors have questions over the efficacy of the vaccines in curbing the pandemic.
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