China’s central bank pauses gold purchases for a fourth month in August

China’s central bank held back on buying gold for its reserves for a fourth straight month in August. China’s gold holdings stood at 72.8 million fine troy ounces at the end of last month. The value of the gold reserves, however, rose to $182.98 billion compared with $176.64 billion at the end of July.

The Gold-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal.
XAU/USD remained largely unchanged in the last session.
The Ultimate Oscillator is currently in the positive zone.
Support: 2481.4331 | Resistance: 2540.9931