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Gold falls back as US yields rise
The reaction to the better than expected US data just now released has seen US yields rise by around 0.05% and that has pushed the Gold price lower. The move above 150 has helped this drop in Gold too. Now earlier today, following an update here, Gold rose to set a new all time record high, at $2,688.83. The impact of this US data and dollar and yield rise has now pushed it back to below $2,675. So, it remains to be seen, if the metal can withstand those shifting dynamics this afternoon. That is clearly in doubt so long as the USD/JPY holds the current gains and US yields do not fall back. Gold is currently trading at $2,675.50
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