- XAU/USD rose above the 200-day SMA but was rejected by the 20-day average, settling at $1,915.
- US PMIs from August came in a tick lower than expected.
- Lower US yields allowed the yellow metal to gain traction.
In Tuesday’s session, the XAU/USD Gold spot price found demand as the leading world economies showed weak economic activity figures, which fueled a decline in global Treasury yields. Precious metals rallied, with Silver leading the day and showing more than 3% gains.
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