The price of gold trades to fresh monthly high ($1801) following the kneejerk reaction to the US Consumer Price Index (CPI), and the precious metal may continue to retrace the decline from the September high ($1834) as long as longer dated US Treasury yields remain under pressure. The price of gold attempts to trade back above the 200-Day SMA ($1795) as the 10-Year Treasury yield continues to pullback from the monthly high (1.64%), and looming data prints coming out of the US may keep the precious metal afloat as household spending is expected to contract for the fourth time in 2021. The update to the US Retail Sales ... (full story)