Gold is trading a little lower at the start of the week, perhaps a sign of early profit taking after the yellow metal popped higher on the back of the US first quarter GDP data. It may have been surprising to see gold rallying in the aftermath of the data – given that the economy grew 1% more than markets were expecting – but the underlying numbers were far less impressive and pointed to weaker data in the quarters ahead. We remain in a very uncertain period for gold though. On the one hand, the environment is primed for gold to come under more pressure – dollar is strong, US equity markets around record levels, ... (full story)