After testing the high near $1,806 gold prices quickly retreated below $1,800 on Wednesday where it currently hovers. The prices trade in a very narrow trade band as the US dollar recovers some ground following a fall driven by the US Inflation data released on Tuesday. The eased inflation readings raised doubts about Fed’s timeline to begin asset purchasing. A higher USD valuation makes gold expansive for other currency holders. The upside in the precious metals is being capped by the rebound in the US Treasury yields following the cooler-than-expected inflation data. The yield on the benchmark 10-year Treasury bond ... (full story)