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Gold comes under pressure again

Since the last update here earlier this morning, gold prices have fallen back towards the earlier session low, at $2,307.15. The reason for the move comes as US yields edge higher. Perhaps the slightly higher USD/JPY is integral to that too, but little inference is being placed on that dynamic here at the moment. As also noted here earlier, the persistent refusal of Gold to make a move back above its 21 day moving average is an element as well. It remains to be seen if there are stops in place below $2,307.15 right now, but that is not being ruled out right now. Gold is currently trading at $2,307.90 
 

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