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Markets got some reprieve today after last week’s heavy correction amid an empty eco calendar. These conditions will remain at play throughout the week, rerouting market focus to things like US supply, central bank speeches, risk sentiment or just underlying momentum. Technical considerations come in to play as well.
Gold price remains offered during Monday’s New York session dropped more than 0.50% after reaching a daily high of $1993.13, and exchanges hands at around $1979.70 due to a risk-on impulse.