Even so, May begins with the downbeat notion as market players doubt global economic recovery and US stimulus amid a quiet session with off in Japan and China.
Doubts that the one-jab, for now, policy from the Western governments isn’t enough to stop the coronavirus seem to have exerted the latest downside pressure on risk barometers like gold and equities.
Elsewhere, doubts over the recovery in the US-Iran relations, considering the recent rejection from America to call back major sanctions levied on Tehran, join Saudi-Iran tension to amplify the risk-off mood.
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The XAU/USD pair failed to break above $1,800 in the previous week and opened in a calm manner on Monday as investors stayed on the sidelines ahead of key macroeconomic events of the week.
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