Gold Recovered From Thursday’s Lows After Turkey's Situation Calmed

Monday, 20/08/2018 | 06:15 GMT-0

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Gold recovered from Thursday’s lows after the situation in Turkey calmed at least for now. Moreover, the new round of talks between the U.S. and China next week supported the metal too.In contrast, the rise in U.S. Bond yield and equities reduced the demand for gold. Major support is found at the 1174.00 zone and resistance at the 1200 which is a psychological level.

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Source: https://www.exclusivecapital.com/gold-august-20-2018-weekly-analysis/

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