The development of a broadly cautious appetite for risk has helped gold breakout. The bulls are looking to consolidate this move and although the upside impetus has waned slightly in recent sessions, the building of support is encouraging. We hold a degree of caution in light of bull failures over the past few weeks, but the outlook is positive for further gains towards $1795/$1800. We look to use any near term weakness supported above $1744 as a chance to buy. Fundamentals/Newsflow Consolidation has taken over gold early this week. It comes as Treasury yields (which tend to be the primary driver of gold) have become ... (full story)