After trading in a very narrow range for an entire month, gold prices finally broke lower last week on the back of a stronger dollar, to touch fresh lows for the year. The fact that even the increasingly realistic risk of an “all out” US-China trade war was unable to lift gold suggests that buyers are in short supply right now, and unless tensions escalate much further or the US dollar reverses course, the current pattern may continue. The overarching theme in financial markets over the past few days has been the rising trade tensions between the world’s two largest economies. After the latest escalation – where the ... (full story)