The safe-haven status of the yellow metal is reinforced by fears of economic impact due to coronavirus and the surprise interest rate cut by the Fed, in the opinion of analysts at ANZ Research. XAU/USD is trading at 1646.78. Key quotes “Deepening fears of the economic impact of COVID-19 continue to support gold safe-haven appeal.” “The surprise Fed interest rate cut has given a fresh boost to the market with the US dollar grinding lower.” “We see easing monetary policy should keep investor appetite for the gold strong and push the prices further higher.” 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 USD/CHF closes in on 0.9500 amid risk aversion, USD weakness FX Street 3 years The safe-haven status of the yellow metal is reinforced by fears of economic impact due to coronavirus and the surprise interest rate cut by the Fed, in the opinion of analysts at ANZ Research. XAU/USD is trading at 1646.78. Key quotes “Deepening fears of the economic impact of COVID-19 continue to support gold safe-haven appeal.” “The surprise Fed interest rate cut has given a fresh boost to the market with the US dollar grinding lower.” “We see easing monetary policy should keep investor appetite for the gold strong and push the prices further higher.” 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.
