Gold continues to hold onto $2,600

If the curse of the commentator is alive and well, then as soon as you read this update, it will not hold water, but we shall see on that. So, since the last update here on Gold yesterday, the metal has continued to hold doggedly onto the $2,600 handle. The reported low yesterday was set at 2,604.87 and since then it has defined the base. Gold has tried a few times to get below it since the last update here, but so far without any joy. Gold closed in the US last night at $2,607.7. The range seen so far today has been covered by 2,606.00 to 2,616.94 and the high was set not that long ago, as the USD/JPY dropped back from its earlier high. Gold is currently trading at $2,614.90