Interest rates in America continue to be a major issue for metals markets, as gold fails to break above $4600 early on Monday. The gold market continues to get thrown around by the bond market as we have seen for several weeks now. Interest rates in America continue to be stubbornly high and that weighs upon gold. It is also worth noting that we had a technical level come into play during the Monday session as the $4,600 level has proved itself to be resistant. If we can break above there, then it opens up the possibility of a move towards the 50-day EMA, but we need to see rates slump. So far, the 4.30 level in the ... (full story)