Gold price dropped 0.33% late in the North American session as traders awaited Thursday's release of the latest inflation report in the United States (US). Expectations that headline inflation would exceed the previous month’s reading remain high, as witnessed by the rise of US bond yields. The XAU/USD trades at $2021.22 after hitting a daily high of $2040.27. Market sentiment shifted positively, though US Treasury bond yields remained high, particularly the 10-year benchmark note rate, up two basis points at 4.034%. That’s weighing on Gold despite the weak US Dollar (USD). The economic docket on Wednesday was scarce ... (full story)