Gold catches a bid as USD/JPY slips

Gold has just this minute lifted to a session above $2,667. Yesterday Gold fell back to below $2,640 when the US ISM index data hit the wires. That fall was reported here at the time, as was the rebound that took place almost immediately. Well that rebound extended into the European and later into the US close, where gold ended that session, at $2,655.89. The metal has built on that today and for good reason given the proximity of the weekend and the risks of what might unfold in the Middle East when the markets are closed for the week. The drop back in the USD/JPY just now this morning is also adding support and helped to lift the metal to a session high so far, at $2,667.88. Gold is currently trading at $2,667.80