Following Friday’s “goldilocks” NFP report, markets rallied to close a wild first week of the fourth-quarter. Risk remains elevated with the Brexit clock ticking down, trade talks between the US and China set to continue this week and with earnings season set to get going. Gold prices are well supported after the psychological $1,500 mark, will bulls extend the rally and keep pushing this precious metal to the upside? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

On Saturday talks between the US and North Korea in Sweden broke down as the North Korean delegation claimed the US showed a lack of flexibility in order to break the deadlock. The US has provided a much more positive perspective of the talks and Sweden has invited both sides back to the negotiating table in two weeks which the US already accepted. Is this a precursor for US-China trade talks later this week and what does this mean for Gold? Today’s fundamental analysis will take a look a price action in both directions.