Gold prices have edged higher throughout October, consistent with its seasonal tendency to post modest gains during the month. Recently, the accumulation has gone in-hand with US Dollar weakness, even though the gold price rally has been constrained by rising US Treasury yields and stronger US equity markets – both of which are signaling stronger growth conditions, which doesn’t cater to a hospitable environment for bullion. That said, the conditions favor continue sideways price action in gold prices. With no strong directional bias among technical indicators and a meager fundamental backdrop, there is no ... (full story)