Gold prices were elevated again on Thursday as the US dollar dipped to a fresh low on the back of sliding US yields. At the time of writing, XAU/USD is trading at $1,754.55 having popped from a low of $1,733.26 to a high of $1,758.72 on the day. US Treasury yields were losing ground again due to the fresh dovish comments from Federal Reserve Chair Jerome Powell. Also, worse-than-expected initial jobless claims that highlighted the economy's bumpy recovery from the pandemic threw cold water over the US dollar's bullish performance of late. The data showed that initial claims for state unemployment benefits totalled a ... (full story)