Gold price rises to six-month high on China reopening optimism. gold markets
Meanwhile, the US dollar index edged lower, and benchmark 10-year yields held close to their highest in over a month.
Bullion has gained nearly $200 after falling to a more than two-year low in late September, as expectations about slower interest rate hikes from the Fed dimmed the dollar’s allure and reduced the opportunity cost of holding gold. “The gold futures bulls have the overall near-term technical advantage. Prices are in a seven-week-old uptrend on the daily bar chart,” with the first resistance at $1,825 an ounce, said Jim Wyckoff, senior analyst at Kitco Metals,
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