(14 April 2020)DAILY MARKET BRIEF 2: Gold above $1700 per oz.

<p>Gold started the week with a heavy rise in demand. The price of an ounce cleared the $1700 offers as investors piled into the precious metal in preparation for potentially hectic price moves over the coming days and weeks.</p>
<p>US treasuries remain bid, with the 10-year US treasury yield below the 0.80% mark. But the US dollar slipped below the 100-mark leaving some space for G10 to advance.</p>
<p>The USDJPY retreated to 107.50.</p>
<p>The EURUSUD is preparing to test the 50-day moving average (1.0962), if surpassed, should encourage a further rise toward the 1.10 mark.</p>
<p>Cable cleared its 50-day moving average (1.2550) and is set to challenge the 200-day moving average (1.2715) on the back of a softening US dollar.</p>