Gold prices have enjoyed a good bounce following a selloff in yesterday US session pushed the precious metal below the $1950 handle. The move was short lived however, as buying pressure returned and continued through the Asian session with Gold reaching $1962/oz at the time of writing.
Gold it appears has switched one range for another as we appear to be in another phase of consolidation between the $1940 and $1963 handle, the latter of which was last week’s high.
