The rally has faltered and the market is stuck in a neutral outlook once more. Uncertainty over US fiscal stimulus, has driven a choppy phase for the dollar, which has impacted on gold. Whilst we continue to expect dollar underperformance to take hold in due course which should support gold, for now the outlook is stuck. Fundamentals/Newsflow The near term outlook is struggling for direction. Constant swings of risk-off/risk-on (impacting the dollar primarily, which knocks on to the outlook for gold) are pulling gold around with a lack of conviction. Uncertainty over the deliver of US fiscal stimulus seems to be a ... (full story)