Gold jumps to one-week tops, around $1330 region

   •  Renewed USD weakness helps regain positive traction.
   •  Risk-on mood fails to stall the bullish momentum.

Gold continued gaining positive traction through the early NA session and is currently placed at fresh multi-day tops, in the $1330 region.

After yesterday's brief pause, the precious metal built on last week's recovery move from two-month lows and was being supported by some intense US Dollar selling pressure.

Meanwhile, the latest positive geopolitical development, wherein N. Korea is ready for denuclearization talks, triggered a broad-based risk-on move also failed to dampen the precious metal's safe-haven demand. 

Even a sharp uptick in the US Treasury bond yields, further supported by hawkish comments by Dallas Fed President Robert Kaplan, did little to stall the non-yielding yellow metal's upsurge to one-week tops. 

In absence of any major market moving economic releases from the US, the USD price dynamics might continue to influence sentiment surrounding dollar-denominated commodities - like gold.

Technical levels to watch

A follow-through momentum beyond $1332-33 immediate resistance has the potential to continue boosting the metal towards $1340 level en-route its next major supply zone near $1350 area. 

On the flip side, any meaningful retracement now seems to find immediate support near $1324-23 zone, below which the commodity could slide back to $1315 horizontal support.