The gold market remains stuck in a solid consolidation pattern, and while one investment firm has taken some profits off the table, it still expects the precious metal to remain well-supported through year-end. In a recent interview with Kitco News, Tom Bruce, Macro Investment Strategist at Tanglewood Total Wealth Management, said he recently used gold’s sideways trading as an opportunity to reduce his exposure to the precious metal, decreasing his portfolio weighting to 10% from 12%. However, he added that the selling was only a function of portfolio rebalancing, noting that the firm’s 10% holdings in gold represent ... (full story)