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Gold retraces most of its early gains

FXStreet (Córdoba) - Gold advanced sharply at the weekly opening and reached a 10-day high during the European session boosted by fragile risk sentiment following Friday’s Paris attacks. However, the yellow metal unwinded most of its intraday gains over the last hours.

Spot gold fell back below $1,085 an ounce after peaking at $1,098 an ounce earlier on the day. The metal was last trading around the $1,085 level, still 0.33% higher on the day.

Looking ahead, markets will continue to digest the news from France while the FOMC minutes this week is expected to remain the main highlight amid expectations the Fed remains on track to raise rates next month.

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