Eurozone Retail Sales (YoY) above expectations (1%) in March: Actual (1.2%)

Gold retains its positive bias for the third straight day and trades above the $4,700 mark, closer to a one-and-a-half-week high, heading into the European session. Bulls seem hesitant however, and opt to wait for further clarity over a potential US-Iran peace deal before positioning for further gains. Meanwhile, the downside remains cushioned on the back of fading expectations for a more hawkish US Federal Reserve and a broadly weaker US Dollar, which tends to underpin demand for the bullion.