Energies Rising on Supply Shortages; Chinese Stocks Higher on Stimulus; Bank of Japan Expected to Keep Negative Rates; Markets Looking Ahead to FOMC, Australian Inflation Wednesday
Gold struggled to build on prior bullish momentum even after the dollar and longer-dated yields sank. Improvement in risk sentiment places gold on the sidelines for now
The recent purchases pushed gold prices towards the $1723 resistance, the highest price for the yellow metal in seven and a half years, before settling around the $1713 level in the beginning of Tuesd
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