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Gold price (XAU/USD) scales higher for the fifth successive day on Monday and touches a fresh record high, beyond the $2,250 level during the Asian session.
Analysts say market participants will keep an eye on key events this week like the RBI interest rate decision and OPEC meeting, among others
Gold price is consolidating the latest uptick to a new all-time high of $2,260, kicking off Easter Monday and the second quarter of 2024 on a positive note.
The USD/CAD pair extends its recent pullback from the 1.3610-1.3615 supply zone, or the YTD peak and remains under some selling pressure for the sixth successive day on Monday.
Gold price is licking its wounds near $2,160 after witnessing about 1% percent correction from near record highs of $2,195 on Tuesday.