The XAU/USD pair falls below $1,840 as geopolitical worries.
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In the Asian session, the gold price (XAU/USD) fell to about $1,837.90 after providing a negative break of the consolidation built in a limited range of around $1,844.00. The precious metal has been provided amid rising geopolitical tensions between the United States and China, as well as North Korean missile launches within Japan's Exclusive Economic Zone (EEZ).
Investors should brace themselves for extreme volatility, as the US financial markets will be closed on Monday owing to Presidents' Day. Nevertheless, S&P500 futures have fallen further amid increased expectations that the Federal Reserve (Fed) will maintain its tight policy stance, indicating a decline in the risk-aversion theme.
Investors should brace themselves for extreme volatility, as the US financial markets will be closed on Monday owing to Presidents' Day. Nevertheless, S&P500 futures have fallen further amid increased expectations that the Federal Reserve (Fed) will maintain its tight policy stance, indicating a decline in the risk-aversion theme.
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