As trade uncertainty and US-China tensions are back on the menu, gold is starting to see more inflows again to start the new month. The precious metal continues to have much working in its favour and buyers themselves are now hoping for a wind of change on the technical front as well. With the move higher today, gold is starting to contest a break of its recent lower highs, lower lows pattern:
That could see the precious metal buck the trend in search of a stronger push higher in the week(s) to come.
Besides that, we’re also starting to see ETF purchases pick up again in recent weeks
Gold buyers look to buck the trend with the move higher today
