Gold has been the benefactor of low interest rates and, more recently, risk aversion on the back of coronavirus fears. Together, the two fundamental forces have helped gold maintain its altitude near January’s swing-high when US-Iran tensions helped spark a similar flight to “safer” stores of value. Since the coronavirus has seen its market impact wane, gold may wander slightly lower until another fundamental update is delivered next week in the form of the Federal Open Market Committee’s meeting minutes. {image} Therefore, XAU/USD may look to nearby support for assistance if bears attempt to pressure the precious ... (full story)