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Gold extends rebound above $2,300 after US data

The impact of that US ISM and JOLTS data has given gold a good excuse to extend an earlier rebound back above $2,300. The drop back in US yields right now is also helping the metal to move higher and this has all rather thrown a spanner in the words for the dollar too. The US currency is not markedly lower yet, but it is struggling to hold the topside position following the reports, that have now pushed the USD/JPY back below 157.50 a moment ago. Gold just lifted to a new session high at $2,309.92. It is currently trading at $2,306.40 
 

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