The yellow metal has been in firm demand once again this week. Gold has extended last week’s gains to move back up and challenge the current 2020 highs around 1611.05, as of writing. The move higher has been consistent with the emergence of fresh concerns regarding the ongoing coronavirus outbreak. Midweek, HSBC reported that they have seen a 53% drop in profits and will consequently be lashing 35000 jobs worldwide. This comes from a combination of factors such as US/China trade uncertainty last year, Brexit concerns and now also coronavirus impact. The news has been among the first signs of the real economic impact ... (full story)