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(Gold Review: Struggles near 19-month low, chart set-up points to continuation ofthe downfall)
• Subdued USD offset by positive US bond yields and continues to weigh.
• Fading safe-haven demand further contributes to the lacklustre trading.
Gold seesawed between tepid gains/minor losses through the mid-European session and was seen consolidating overnight slump to the lowest level since late-Jan. 2017.
The ongoing US Dollar upsurge, further supported by a goodish pickup in the US Treasury bond yields, was seen as one of the key factors exerting some heavy selling pressure around the dollar-denominated/non-yielding yellow metal.
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