Gold prices have had a slow start to the week, and with so much attention being paid to Bitcoin, there’s competition for ‘anti-dollar’ assets and this has likely played a role in the sluggish price action displayed in gold of late. More pressing, however, are rate expectations in the U.S. and with data remaining somewhat strong from multiple vantage points lately, the prospect of rate cuts has remained as somewhat murky. As I’ve been discussing in webinars it’s seemed as though the ‘natural flow’ of the U.S. Dollar has been higher, and this has been driven by that strength in data; both in Non-farm Payrolls reports ... (full story)