An interesting move in gold this morning with the precious metal on the cusp of testing short-term support. The precious metal fell on Monday after the release of weaker-than-expected U.S. CB consumer confidence data and there is little fresh news so far today to stem or fuel the next move. In the US Treasury market, yields are marginally lower – normally a gold supportive scenario – with the benchmark UST 10-year trading with a yield of 3.14%, down from 3.24% on Monday.
