Gold cannot break out of its wide trading range between $1,800 and $1,900, with the precious metal holding support well yet lacking momentum to move higher. "Nothing goes in a straight line. It is consolidating. Looking for something to keep the momentum going," said Kitco Metals global trading director Peter Hug. After seeing an unexpected jump on Wednesday, when Joe Biden was being sworn in as president of the United States, the $1,870 an ounce level turned out to be too strong of a resistance point for gold as the precious metal consolidated back to the $1,850s. At the time of writing, February Comex gold ... (full story)