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Gold prices have leaped after the Federal Reserve has cut interest rates by a double-dose of 50 basis points in a shock move to tackle the evolving risk of coronavirus. 

XAU/USD is on the rise as lower US yields make the precious metal more attractive. 

Resistance awaits at $1,630, followed by $1,660, and then the peak of $1,689 high which is the seven-year high.

more to come

Gold reacts to Fed cut March 3 coronavirus