Gold price extends correction to fresh monthly lows near $4,400 in European trading on Monday, pressured by some profit-taking. The precious metal continues its downtrend after reaching historic highs last week as Kevin Warsh’s nomination as the next Fed chair eases concerns over the US central bank’s independence, bolstering the US Dollar recovery. US ISM PMI Manufacturing PMI data is awaited.
Source: https://www.fxstreet.com/news/germany-hcob-manufacturing-pmi-came-in-at-491-above-expectations-487-in-january-202602020855
