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Gold again tries to vault $2,800

An hour or two ago Gold did just edge back above $2,800 per ounce, but it was unable to hold the move and slipped back towards $2,790. Well, more recently gold has just topped that level again and the second attempt comes as the USD/JPY falls back towards 154.50. That has allowed the metal to try and re-establish itself above $2,800. The European equity markets are certainly not any higher and the US futures are very much still in the red. There is an important data release due later today from the US and that is the latest ISM manufacturing index, at 3pm GMT. There will be more to add on that later, but it is worth noting right now; that under the current circumstances it remains doubtful the markets will give this more than a passing glance. Gold is just now trading at $2,799.25
 

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