Gold prices sank about 0.6 percent on Monday, extending losses from last week. The anti-fiat yellow metal inversely tracked a boost to 2-year Treasury yields during the first half of the day. XAU/USD can be quite sensitive to the direction of US Treasury rates. That is because of gold’s inherent lack of return for holding...Read More

Technical achievements alone are not enough to prompt the market to action. For charts traders – myself included – this has led to significant frustration in assessing market moves over these past months. The most recent break would come from the S&P 500 to start this week. The benchmark US index Monday picked up where...Read More