Gold futures are trading nearly flat on Thursday after giving back earlier gains. Investors are being influenced by the price action in the U.S. Dollar Index, while ignoring another steep drop in U.S. Treasury yields and a plunge in U.S. stock indexes. The price action is actually a little confusing which suggests safe-haven buying is underpinning the U.S. Dollar, which is making gold a less-desirable asset. At 0648 GMT, February Comex Gold is trading $1241.80, down $0.80 or -0.07%. The main trend is up according to the daily swing chart. A trade through $1247.50 will signal a resumption of the uptrend. This could ... (full story)