Gold edging higher just now this morning

Yesterday gold did have a look at the $2,600 and it did eventually crack that level. The metal seemed to trip stops below $2,600 leading into the 4pm London FX fix. The low seen around that time was set at $2,596.18. It then recovered somewhat into the US close, where it later ended that session, at $2,606.50. Gold has not traded back underneath $2,600 so far today. The low seen has been set at $2,602.69. However, given the drop in US yields and stock market falls over the past 24 hours, it is arguable it should not have fallen in the first place. That said, the reasons for the fall yesterday was explained here at the time. Well, it is just now pressing a little higher again. The high seen earlier was set at $2,611.66. The 100 day moving average is now in place this morning at $2,619.25 and that remains a barrier, if the current push higher extends a bit more. Gold is currently trading at $2,609.10