Gold jumps over 1% amid growing coronavirus risks. US 10-year Treasury yields slide back below 1% amid risk-off. Eyes on US NFP as markets expect another Fed rate cut this month. Gold (XAU/USD) prices are enjoying a risk-off market profile in Thursday’s American trading, now printing a new weekly high at $1663.14, up 1.20% on the day. Investors remain highly risk-averse and resort to protecting their capital in the traditional safe-haven gold, in the face of growing coronavirus risks and its negative economic fallout globally. The risk-off mood intensified mainly after California Governor declared a state of emergency on Wednesday, which has heavily weighed down on the US Treasury yields and eventually on the US dollar across the board. The US 10-year Treasury yields dive over 5% to record a new record low at 0.926 in the last hour, as the US dollar index hit a new two-month low of 96.90. The main US indices are down over 2%, at the momentum. The precious metal is now on its way to test the February, 25 high of $ 1663.94, as the ultimate haven will remain underpinned by the risk-off flows amid looming virus risks. Also, with markets believe the latest Fed rate cut being ineffective, another rate cut at its March 18th meeting cannot be ruled. The dovish expectations from the Fed as well as ECB will continue to offer support to the non-yielding gold support. Next of relevance for the metal remains the key US non-farm payrolls data due on Friday at 1330 GMT while the disease-driven broader market sentiment will continue to remain the main market motor. Gold 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 Monero Price Analysis: Bullish chart pattern break could lead to higher prices FX Street 3 years Gold jumps over 1% amid growing coronavirus risks. US 10-year Treasury yields slide back below 1% amid risk-off. Eyes on US NFP as markets expect another Fed rate cut this month. Gold (XAU/USD) prices are enjoying a risk-off market profile in Thursday’s American trading, now printing a new weekly high at $1663.14, up 1.20% on the day. Investors remain highly risk-averse and resort to protecting their capital in the traditional safe-haven gold, in the face of growing coronavirus risks and its negative economic fallout globally. The risk-off mood intensified mainly after California Governor declared a state of emergency on Wednesday,… 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.