Gold Price Forecast: XAU/USD failure to breach $3,300 brings $3,250 back into foc

LONDON (June 30) Gold (XAU/USD) is bouncing higher on Monday, but the broader trend remains bearish, following a nearly 3% decline last week. The Precious metal is drawing some support from the US Dollar's weakness, but a previous support at the $3,300 level is limiting upside attempts for now.

The peace agreement between Israel and Iran crushed demand for safe-haven assets like Gold last week, while this week, the progress on the tariff negotiations between the US and some of its main partners is supporting a mild risk appetite.

FXStreet