Gold eventually makes a move higher as US yields slip

US yields are lower this morning following the earlier turnaround comments from the US president. That has helped to lift Gold and at one stage push the USD/JPY back below the 155 handle. So, yesterday afternoon, even as the dollar got whacked on the Wall Street Journal report, gold was unfazed in either direction. The metal traded sideways in between $2,705 and $2,710, before later closing at $2,708.21. Earlier today it was slipping back towards $2,700 (2,702.87 the low), before the further comments from Trump and lower US yields finally gave it the platform to move higher. Well, Gold has now taken out that previously noted, upper-end of the double top on the daily charts, at $2,726.23. Gold has risen to a high earlier at $2,729.46, in what could be a stop-loss induced move. It is edging back from that high right now though, currently trading at $2,725.90