Gold is little-changed today, mirroring the price action of nearly all the other financial markets. Undoubtedly it is the absence of US investors due to the Labor Day holiday which has been the main reason behind the uninspiring trading conditions. On Friday, gold finished the session lower but still managed to end higher on the week. That was the first gain in the last three weeks and the second in the last seven. Clearly, the trend has turned somewhat bearish following the upsurge at the start of the summer. Gold’s inability to push meaningfully higher in the face of continued geopolitical uncertainty throughout ... (full story)