Spot Gold prices denominated in US Dollars are holding steady near $1,820 after skidding off of September's highs of $1,953 and is down from Gold's al
Gold spot prices are settling on the low end after a tumultuous September. Higher-for-longer interest rates are keeping Gold prices fixed at the bottom. Gold demand led by Chinese markets is the only thing propping up XAU/USD. Despite recent declines, Gold spot prices remain historically elevated. l-time peak of $2,079.76 set back in May of this year.
XAU/USD technical outlook Spot Gold prices are steeply off near-term highs, trading into $1,8200 after testing a fresh seven-month low of $1,813.07 on Thursday. The XAU/USD has closed in the red for eleven of the last twelve consecutive trading days, but the pace of downside momentum has slowed this week, with Gold down a scant 0.42% from Tuesday's opening bids.
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