Gold prices moved above the $2900 area during the European session on Tuesday (11/3).
This was supported by the effect of the headline from the leaders of the German Green coalition, who said this morning they had given the green light to a defense spending deal. That boosted confidence in the Euro (EUR) and triggered a new decline in the US Dollar Index (DXY), which opened the door for Bullion to surge.
Source: Newsmaker.id
