Gold turns positive for the third consecutive session on Thursday. A softer tone around equity markets helped regain positive traction. Sliding US bond yields provided an additional boost to the commodity. Gold reversed an early dip to the $1604 area and jumped to fresh multi-year tops during the mid-European session on Thursday. The precious metal added to its recent strong gains and continued gaining some positive traction for the third consecutive session on Thursday amid mounting concerns about deepening economic fallout from the coronavirus outbreak. Bulls remain in control The rising number of coronavirus cases in Japan further fueled market worries and weighed on investors’ sentiment. This was evident from a softer tone surrounding equity markets and underpinned the precious metal’s safe-haven demand. The risk-off flows were further reinforced by a fresh leg of a downfall in the US Treasury bond yields, which further played their part in providing an additional boost and lifted the non-yielding yellow metal closer to the $1620 region. Meanwhile, the ongoing upward trajectory to the highest level since February 2013 seemed rather unaffected by the prevailing strong bullish sentiment surrounding the US dollar, which tends to dent demand for the dollar-denominated commodity. However, oscillators on short/medium-term charts are already flashing slightly overbought conditions, which might hold bulls from placing fresh bets and might turn out to be the only factor capping any further gains, at least for the time being. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crypto market overview: Bitcoin bulls lick wounds, altcoins spiralling down FX Street 2 years Gold turns positive for the third consecutive session on Thursday. A softer tone around equity markets helped regain positive traction. Sliding US bond yields provided an additional boost to the commodity. Gold reversed an early dip to the $1604 area and jumped to fresh multi-year tops during the mid-European session on Thursday. The precious metal added to its recent strong gains and continued gaining some positive traction for the third consecutive session on Thursday amid mounting concerns about deepening economic fallout from the coronavirus outbreak. Bulls remain in control The rising number of coronavirus cases in Japan further fueled market… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.