"All eyes are on what Powell says this week... there are still a lot of concerns about the economy and they continue to indicate that rates are going be low and stimulus measures will continue, which should boost gold," said ANZ analyst Daniel Hynes.
"The U.S.-China trade news overnight that the tensions have eased slightly has dulled investors appetite for safe-havens a bit but obviously there is a lot of water to go under that bridge."
https://www.reuters.com/article/global-precious/precious-gold-flat-as-g…
August 26, 2020