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Gold edges lower as USD/JPY advances
Gold is just now falling to fresh European session lows, as it slips further below the $2,190 mark. The drop is all due to a gain playing out right now in US bond yields. That does rather contradict the gains in the US stock markets, but to be honest those markets are simply not paying attention to US yields just at this moment it seems. However, gold is never immune to US bond yields; well most of the time anyway, when it comes to micro moves within any given session. The record close for Gold last night is still a development to consider and it remains to be seen if this current push lower will have more legs, than just another intraday price swing. Right now the push higher in the USD/JPY is also having a negative impact too. Gold is currently trading at $2,186.25
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