Gold gained some ground as traders focused on falling Treasury yields and reacted to U.S. dollar’s pullback. Treasury yields moved lower as bond traders focused on the Producer Prices report from the U.S. The report indicated that PPI decreased by -0.3% month-over-month in June, compared to analyst forecast of 0%. Core PPI increased by +0.2%, while analysts expected that it would grow by +4%. Lower-than-expected PPI data put pressure on yields as traders reduced bets on hawkish Fed. Falling Treasury yields are bullish for gold that pays no interest. U.S. dollar pulled back against a broad basket of currencies as ... (full story)