The price of gold has fallen more than 10% since touching a $1,365/oz. high just over three months ago as the ongoing strength of the US dollar negates the attraction of the precious metal. In addition, the correlation to the Chinese yuan remains strong with the Chinese central bank letting the currency depreciate by over 8% in the past three months in response to US President Trump’s trade tariffs. The latest move lower in gold has seen the precious metal take out the December 12 low at $1,236.5/oz. with ease and head towards the next band of support between $1,215.4/oz. (61.8% retracement of the December 2016 – ... (full story)