; Gold Price Analysis: XAU/USD braces for $1,778 key hurdle on Fed day – Confluence DetectorNEWS | 3/17/2021 4:59:11 AM GMT | By Anil Panchal Gold picks up bids to $1,737.30, up 0.33% intraday, ahead of Wednesday’s European session as geopolitical risk catalysts join the US dollar’s pre-Fed dull performance. While Sino-American and US-Iran tussles are back in focus, challenges to the Federal Reserve Chairman Jerome Powell, in assuring traders of no tapering despite fiscal stimulus, seems to weigh on the US 10-year Treasury yield and offer extra strength to the yellow metal. However, the bond bears are still waiting for the Fed and may quickly retake controls as they’re not far from the recently refreshed yearly tops, which in turn probes gold buyers.