Gold price reverses Asian session uptick; downside seems limited amid rising Middle East tensions

  • Gold price (XAU/USD) struggles to capitalize on its modest Asian session uptick and attracts fresh sellers in the vicinity of the $3,400 mark on Monday. The US Dollar (USD) opens with a bullish gap in reaction to the US attack on Iran's nuclear facilities on Sunday, which, in turn, is seen as a key factor that acts as a headwind for the commodity.