Gold Price Analysis: XAU/USD eyes $1800 as US dollar weakens

The US Dollar Index failed to holds onto the recent recovery and is back into negative territory, at 91.15.

The yellow metal continues with the bullish run after testing during the last week of March the YTD low around $1677.

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An uptick in the US bond yields, modest USD strength capped gold near 100-day EMA.

The total cryptocurrency market capitalization had a steep drop on April 17 from $2.27 trillion to a low of $1.9 trillion, losing more than $300 billion in just 24 hours.

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