Gold falls below $2,020 as US yields rise

Following on from the previous update, noting the rise in US and European yields, it should come as little surprise to see that has impacted gold prices too. The metal has now fallen to session lows underneath $2,020 a short while ago. The low seen a short while ago was set at $2,016,51. It is off that low right now, but it remains hostage to how those bond markets perform this afternoon and also the USD/JPY price action too of course. Both are closely linked and it will require some easing in the dollar and yields, if gold is too mount any kind of substantial comeback. It is just now trading at $2,017.60