It is still a phase of consolidation for gold as uncertainties for the outlook of US fiscal support leaves markets in a state of limbo. A lack of conviction in moves on the dollar and yields leaves gold at a key crossroads. With conflicting technical indicators on a near to medium term basis for gold we opt to keep our powder dry for now. We are finding the drivers behind moves on gold are in a growing state of uncertainty. It should therefore come as little surprise that gold is struggling for direction right now. There is seemingly no agreement in sight for US fiscal support. This is something which could now ... (full story)