- Gold remains near $ 1,900 after Wednesday’s peak at $ 1,912.
- The dollar has not changed much so far on Thursday.
The precious metal continues to face trouble holding above $ 1,900 and is trading in the $ 1,895 zone, unchanged from Wednesday’s close. Yesterday the price climbed to $ 1912, the highest since the beginning of January.
The XAU / USD reversed direction from the peak and fell rapidly to find support above $ 1890. A similar situation occurred with silver, although it had a much more significant decline, going from $ 29.20 to $ 27.45, the low of the Asian session on Thursday.
The reversal did not have a clear factor behind it. The rebound in Treasury yields on Thursday, along with some dollar stability, is limiting gains in gold. Wall Street futures show no significant changes.
The economic calendar may add noise to the market in the next few hours. In the United States, the report of requests for unemployment benefits, the one for durable goods orders for April, the GDP growth data for the first quarter (second reading after 6.4% initially reported), pending home sales and the Kansas Fed manufacturing activity report.
Technical levels
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