Price of spot gold defeated the key level of $1,800 per ounce on Tuesday. Moreover, many market strategists anticipate that it will keep growing in the future market.
Gold's fundamentals will remain neutral, and under fundamental strengths, the dollar and US Treasury yields will reach a delicate balance.
The escalating protests in US fueled market’s risk-aversion, injecting strong momentum into the gold market that pushed gold to surge above the key 1740 right after opening.
Gold price has been falling for the third straight day, as global governments’ measures of reopening economy and the stock market’s rally reduced part of the market’s risk-aversion demands.