Gold prices have rebounded strongly, and there is buying low interest in the market.

Jin10 data reported on April 29, gold prices reversed their downward trend on Monday, due to buy low buying interest, as the market followed trade developments and a series of economic data. Spot gold rose nearly 1% in the US session, reported at $3349 per ounce, after previously falling by 1.8%. Daniel Ghali, a commodity strategist at TD Securities, stated: “We are starting to see initial signs of exhaustion in selling momentum,” adding that the downside risk for gold is extremely limited. “Western investors, especially self-directed traders or macro funds, were completely underweight in the last rally of gold prices, so selling activity is limited, and the rise in gold prices reflects that.”