Gold edges higher so far today

Yesterday the noted slide in gold seemed totally at odds with so much that surrounded it. US yields did not bounce and the Yen did not move substantially lower either, compared to where it has been this week. However, Gold fell back sharply, as reported at the time and that fall came after it failed to claim a new record high. That fall from close to $2,480 later extended to below $2,450 and the metal slumped to a session low at $2,438.15 just after the European close. It then pushed back up into the US close, where it later ended that session at $2,447.85. Earlier today it rose to a high at $2,455.52, but is just off that high right now, currently trading at $2,453.55