Gold prices edged higher on Wednesday but continue to trade sideways. The dollar was nearly unchanged and US yields barely moved which led to a tone of consolidation. In the latest week, hedge funds exited from positions in futures and options, which is providing a headwind. Brexit should continue to provide ample volatility for the yellow metal. Johnson’s victory appears to have put off a Brexit until early 2020 but could give the UK PM the timeline he needs for a victory. Gold prices moved higher but continue to remain rangebound with support near an upward sloping trend line that comes in near 1,480. Additional ... (full story)