Gold XAU/SD might find resistance around $4,445

LONDON (January 5) Gold (XAU/USD) accelerated its rebound on Monday, amid rising geopolitical tensions following the US intervention in Venezuela this weekend. The precious metal is nearly 2.4% up on the day, reaching prices at $4,435 at the time of writing, approaching a previous support area at $4,445.

Venezuelan President Nicolas Maduro is expected to appear in a US federal court on Monday, facing charges of drug and weapons trafficking. Meanwhile, the US President has threatened Mexico and Colombia and said that the US “needs Greenland,” increasing the tensions with Denmark.

FXStreet