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Gold extends gains to $2,370 as Yen strengthens further
The USD/JPY is falling back further now, dropping below 155.75 a moment ago. At the same time the EUR/USD is trying to push above that noted trend line resistance at 1.0832 and the GBP/USD has now risen above the 1.26 handle. The upshot of this is further weakness for the dollar index ands the comes as US yields continue to edge lower, which in turn has helped gold to make a move to its best levels of the week so far, just above $2,370. Naturally, this could turn around later today, if those yields rise and the dollar rebounds, but for now gold is taking advantage of the current yield and dollar dynamics in place right now
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