The price of gold appears to be stuck in a narrow range following the failed attempt to test the May low ($1787), but lack of momentum to test the 50-Day SMA ($1864) may undermine the rebound from the monthly low ($1805) as the moving average reflects a negative slope. Gold outperforms its precious metal counterparts as the price of copper tumbles to a fresh yearly low ($3.72), and it remains to be seen if bullion will move to the beat of its own drum as it still retains the advance following the Federal Reserve interest rate decision. As a result, the price of gold may continue to track the June range amid the ... (full story)