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Gold Price Forecast: XAU/USD hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hope

Gold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some hope for a new round of Chinese stimulus plans to boost the economy, while the geopolitical tensions between Israel and Palestine remain the focus. Meanwhile, the US Dollar Index (DXY), a measure…

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Gold Recovers From Deep Sell-Off

Gold markets have managed to partly pare back losses and reverse a deep selloff over the past couple of days after Friday’s surprise attack by Hamas on Israel, overcoming negative sentiment triggered by the Fed’s hawkish outlook of higher-for-longer interest rates as well as a brawny dollar. Gold prices have gained 2.3% since Friday to trade…

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