Gold prices are modestly lower in Asia-Pacific trading despite a risk-off move in equity markets, with prices down around 0.3% after an overnight bounce that saw most of its intraday gains trimmed throughout Wall Street trading. The modest price action follows a steep drop on Monday when markets whipsawed as traders aggressively sold UK Gilts, which led global government bond yields higher. The sideways action is not all that encouraging for Bullion bulls. It echoes patterns observed over the last six weeks: consolidation followed by a dump. XAU's primary detriment has been surging Treasury yields and a sky-high US ... (full story)