Gold price bulls await breakout through short-term trading range hurdle near $3,370

  • Gold price (XAU/USD) maintains its bid tone through the first half of the European session on Monday, though it struggles to capitalize on the strength and remains below a multi-week-old trading range hurdle. The US Dollar (USD) remains on the back foot below the monthly peak in Federal Reserve (Fed) Governor Christopher Waller's dovish comments last week, which, in turn, is seen lending support to the commodity.