Gold (XAU/USD) struggles to defend the $1,800 threshold, grinds lower around $1,809, as of Wednesday’s Asian session trading gains momentum. The yellow metal refreshed weekly high the previous day before stepping back from $1,825, providing a daily negative closing. In doing so, the gold traders failed to conquer the key technical levels, namely multi-day-old resistance line and 200-DMA. Optimism surrounding US President Joe Biden’s infrastructure spending bill and hopes of a strong Q2 earnings season could be cited as the key catalyst for the risk-on mood. Also on the positive side were the increasing odds for the ... (full story)