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Feb 17, 2021 23:57 GMTFXStreet News Gold bears catch a breather around November 30 low after consecutive five days of declines. US dollar ignores pullback in Treasury yields, rises for second day on upbeat data, stimulus hopes. No major data/events in Asia, except for Aussie jobs report, but Chinese traders’ reaction to latest catalysts will be important. Gold struggles to overcome the lowest levels in 12 weeks, marked the previous day, with a brief bounce to $1,776 amid the early Asian session on Thursday. In doing so, the yellow metal tries to defy the five-day downtrend but the corrective pullback awaits fresh clues as China hits the floor after one-week holidays. Also challenging the mood could be the US dollar’s latest gains despite the easy move by Wall Street benchmarks and the Treasury yields.

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