Gold prices were volatile on Monday, swinging between 2650 and 2614, ultimately settling at 2635, driven by fluctuations in the US Dollar and tariff news.
US Services PMI data will be a key focus, as a positive figure could boost the US dollar and weigh on gold prices.
Technically, gold appears poised for another leg higher, but overarching fundamentals may keep gains in check.
07-01-2025 06:45 GMT
by Zain Vawda