FxAnalysis

Gold is finding fresh demand, building on its previous rebound in another attempt to regain the $5,200 barrier on Tuesday.  

Spot Gold trades with a negative tone on Monday, amid persistent demand for the US Dollar (USD) due to risk aversion.

The US dollar rallied against the South African rand on Friday, as traders continue to see a lot of risk appetite volatility globally. With this, an opportunity might be presenting itself.

Since late last year, US stock market bulls have been arguing that one of the primary events likely to boost share prices in 2026 was the coming tax refund season.

The US Dollar (USD) gapped higher at the weekly opening, as weekend war headlines spurred panic. The EUR/USD pair dropped towards 1.1500, while Oil prices soared, with the barrel of West Texas Intermediate (WTI) soaring towards $110 after closing last week at around $88.

EUR/USD started the week with a bearish gap and declined toward 1.1500 before recovering slightly. At the time of press, the pair was trading at 1.1525, losing about 0.8% on a daily basis.