Gold prices in terms of the US dollar (XAU/USD) traded in a narrow on Monday and finished almost unchanged at 1120.73 levels, forming a perfect doji candle on the daily charts. The upside remained capped by the 50-DMA resistance located at 1126.36 while 1116 region offered support to the prices. Gold prices traded lacklustre all through Monday amid lack of fresh fundamentals as US markets remained closed on Labour Day holiday. Whilst the traders continued to assess Friday’s labour market report from the US keeping the prices undermined with Sept Fed rate-hike still alive. As for today’s trade so far, XAU/USD extends its side-trend from the previous session and trades absolutely listless in a mere $ 4 slim range, little affected by the risk-aversion triggered in Asia by the
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