It is becoming a challenging period for gold price action in the short term, as the metal has not been able to build enough strength to sustain a solid bullish move. In fact, over the last three trading sessions, gold has posted a decline of nearly 2.00%, starting to reflect a short-term weakness scenario. Now, buying activity in the gold market remains quite limited, not only due to the increase in risk appetite, but also because of the dynamics in U.S. bond yields, which have been weighing on the metal’s ability to extend its gains. As long as both the bond market and risk appetite remain firm, the sense of ... (full story)