Gold breaks more decisively through support this time

Since my last update here on the moves in Gold, the metal has just now fallen to a fresh session low and more decisively fallen below its 200 day moving average yet again. To be honest with you, this price point is getting so tested it both directions now, it might soon wear itself out in terms of technical importance. Irrespective of that, gold is lower now and still reeling from the rise in US yields. The simple truth is this makes physical gold more and more expensive to hold in a vault and that is not a positive for anyone hoarding it. Gold has just now hit a fresh session low at $1,922.90