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Gold edges off earlier lows as US yields slip again
The US treasury yields have fallen back modestly since earlier this morning. As noted then, the US 10 year yield was around 4.22%. It is now below 4.20% and these days that is enough to get the robots churning and react across some markets. Most notably this morning that has kept a lid on USD/JPY and allowed Gold to lift from its earlier session low, at $2,622.00. The metal has now edged back above $2,635. If you are involved in gold, the reader is once again reminded to keep a close eye on those yields, because it is an important short-term driver for Gold prices. Gold is currently trading at $2,636.15
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