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Global Trade uncertainty helps Gold to extend breakout move above $2,726
The rise above the noted upper end of the double top in Gold yesterday was not exactly dynamic and for quite a while the metal pushed back from a high around $2,732. Gold drifted back to around $2,716, before rising again into the afternoon session. Eventually that led the metal to a US close at $2,744.81. Earlier today as the Trump Chinese tariff comments hit the markets, Gold extended that move, to above $2,750. Earlier this morning Gold reached a new interim high, at $2,758.60, but it has backed away from that now, on what looks like profit-taking. The low seen a short while ago was set around $2,745, but it did trade lower at the start of the Asian session, ahead of those Trump comments. The low then was set at $2,741.96. The metal is right now at $2,747.05
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