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Gold falling back again this morning
Yesterday afternoon Gold fell back towards $3,300 per ounce. The low came right on the 3pm London Gold fix and it was set at $3,306.80. The metal then rebounded into the European close and later ended the US session at $3,349.43. That rebound provided more momentum in early Asian trading today. Gold reached a high at $3,370.73. However, since then it has been a different story and the metal has fallen back towards the lows seen yesterday afternoon. The low seen so far has been set at $3,311.67 and it is not far off that low just now. The prospect of a fall below the low seen yesterday afternoon looks live just now and if seen that might deliver a test of the $3,300 handle again. We shall see. Gold is right now at $3,312.25
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