Gold is losing ground as traders stay focused on U.S. job market data and wait for tomorrow’s inflation report. Treasury yields are losing ground as traders search for safe-haven assets amid broad pullback in the markets. Falling Treasury yields did not provide support to gold prices today. It should be noted that gold traders have mostly ignored yields and Fed policy outlook in recent months. U.S. equity markets are under strong pressure amid sell-off in the tech sector. This sell-off could have put pressure on gold markets by forcing traders to sell their profitable positions in gold to cover losses elsewhere. I’d ... (full story)