Gold price sticks to US politics-inspired modest intraday gains above $2,400 mark
Politics tamfitronics Gold price gains some positive traction and snaps a three-day losing streak amid subdued USD demand.The US political development prompts some unwinding of the ‘Trump trade’ and weighs on the Greenback.September Fed rate cut bets further undermine the USD and further benefit the non-yielding XAU/USD.Gold price (XAU/USD) attracts some buyers during the early session on Monday and for now, seems to have stalled a three-day-old corrective decline from the all-time peak touched last week. Against the backdrop of dovish Federal Reserve (Fed) expectations, US President Joe Biden's exit from the presidential race prompts some investors to unwind some trades betting on a Trump victory. This, in turn, keeps the US Dollar (USD) bulls on...