Gold prices have bounced back in the first half of Monday’s session after last week’s drop, when investors finally reacted to the recent strength of the US dollar and reduced expectations for Federal Reserve rate cuts on the back of more evidence of sticky inflation. In truth, traders were looking for any excuse to book some profit. But after the recent consolidation and minor pullback in gold prices, could we see a renewed rally this week? As we enter this week, the spotlight is on key US macroeconomic indicators that could potentially influence the short-term trajectory of US dollar, and to some degree, precious ... (full story)