News Snapshot:
American Airways CEO tells staff to brace for furlough warnings Good morning, traders. During Monday’s Asian trading session, the yellow metal prices failed to extend their early-day winning streak. GOLD edged lower around the $1,724 level mainly due to the upbeat market sentiment triggered by the passage of the latest U.S. stimulus measures. It should be noted that U.S. President Joe Biden signed the $1.9 trillion stimulus package into law last week, which propelled yields on benchmark 10-year notes upwards. The upticks in Treasury yields were seen as one of the key factors that undermined gold prices. Meanwhile, the continued...
