The price of gold tracks the monthly opening range amid the limited reaction to the Humphrey-Hawkins testimony, and developments surrounding the coronavirus may have a greater influence on gold prices as Chairman Powell warns that the outbreak “could lead to disruptions in China that spill over to the rest of the global economy.” In response, authorities in China may attempt to ward off an economic shock by prescribing monetary as well as fiscal stimulus programs, and the threat to the global economy may trigger a response from major central banks as Chairman Powell tells US lawmakers that the Federal Open Market ... (full story)