Gold finds itself in a precarious position. After clawing back toward the psychologically important $4,000 per ounce mark on Friday, the metal is facing renewed pressure from two opposing forces. On one hand, headline expectations of an imminent rate cut by the Federal Reserve have receded, Chair Jerome Powell explicitly warned that a December cut is “not assured”, which has buoyed the US dollar and made gold more expensive for foreign buyers. The dollar’s rally and fading stimulus hopes have forced gold prices down for a second straight week. Meanwhile, a tentative trade truce between the United States and China ... (full story)