Gold prices fell on Wednesday as the dollar recovered slightly, piling pressure on greenback-priced bullion along with firm Treasury yields and an aggressive inflation stance by the U.S. Federal Reserve chief. Spot gold dropped 0.4% to $1,808.08 per ounce, by 0329 GMT. U.S. gold futures slipped 0.6% to $1,807.10. Gold has been consolidating since the end of last week but the overall direction is down, towards about $1,750, said Ilya Spivak, a currency strategist at DailyFX. “The question is when do we find fresh momentum to take us there?” Spivak said. The dollar edged higher after a three-session slide, increasing ... (full story)