The US Dollar managed to further its recovery this week, weighing on gold prices. Gold prices had been rising steadily over the last two months fuelled by receding US December rate hike expectations and an increase in geopolitical tensions linked to the conflict between North Korea and the US. However, with news wires notably quieter regarding North Korea, some of the safe haven demand that has been present over recent weeks has abated in gold, leading to profit taking and reversal plays. The US Dollar rebound seems a little more technical at this stage. After hitting a major multi-year support level, it seems that ... (full story)