RE: AAZ19 Aug 2019 14:28
The rally in bond markets seems to have paused at least for now and we've seen some additional gains in stocks over the weekend, so a bit of a more optimistic start to the week is helping to attract profit-taking in gold. However, gold is holding above the $1,500 level and key support level around $1,480 - $1,485 area. But with bond yields moving up a notch, there isn't much room for gold buyers."
Ole Hansen
commodity strategist, Saxo Bank