Gold extends gains to above $2,000

Following an earlier update here, noting the rebound in Gold, the metal has now pushed its was past the $2k level. The drive higher comes as a slight tinge of risk aversion and diversion seems to favour some fresh buying, but to be honest this looks more like a momentum trade, once the earlier drop to below 1,985 was flipped back positive above the earlier session highs. So, Gold has now lifted as high as 2,005.50, as it edges close to the most recent highs seen last month, just above $2,009. It is just now trading at $2,005.10