This morning saw gold manage to rebound after Friday's bearish close, although the positive performance of European stock markets and the adverse reaction of oil to the weekend events suggest there may be diminished appetite for safe-haven assets – at least for now. The just-released strong US retail sales data has further reduced the odds of a June Federal Reserve rate cut, which bodes ill for gold. Consequently, there is a risk that gold could trend lower and extend its sell-off that initiated on Friday, when its recent surge to a new all-time high encountered substantial selling pressure in the latter part of the ... (full story)