Gold Price Prediction - Prices Decline as Riskier Assets Gain Traction

From fxempire.com

Gold prices moved lower on Monday as riskier assets continued to gain traction and the fear of geopolitical events surrounding US-Chinese trade issues subsided. The positive sentiment in US riskier assets helped buoy US yields which weighed on the value of the yellow metal. The dollar was nearly unchanged despite rising US yields as German yields continued to back up ahead of the November 1, turnover to a new ECB leader. The EU appears to have granted the UK an additional three months to come back to the Brexit table. Gold prices moved lower but remain rangebound and are headed toward support near the 10-day moving ... (full story)