Gold prices rose on Monday as a retreat in U.S.
“The pandemic situation in Japan and India remains a key concern among market participants, so that’s driving up the demand for safe-haven assets, including gold,” said Margaret Yang, a strategist at DailyFX, adding that retreating U.S.
On the technical front, “gold has resistance at $1,790 an ounce, followed by a double top and the 100-day moving average in the $1,800 an ounce area.