; Gold Price Analysis: XAU/USD bulls face an uphill battle, a dead cat bounce? – Confluence DetectorNEWS | 3/2/2021 5:20:01 AM GMT | By Dhwani Mehta Gold (XAU/USD) is nursing losses after a sharp $16 drop witnessed in early Asia, as the prices hit the lowest levels since June 2020 at $1710.50. The yellow metal remains in the red for the fourth straight day on Tuesday, as the US dollar continues to draw bids amid strong US ISM Manufacturing PMI and broad risk aversion. The corrective declines in the US Treasury yields and US stimulus optimism fail to ...