Gold falls below $2,315 in Asian trading

Yesterday, after Gold failed to make a lasting recovery above a noted technical level at $2,366.66 an update here noted the risks of it falling back to the previous interim low, at $2,316.82. Well, eventually that did play out ahead of the US close, when the metal dropped to $2,315.59. Gold later closed in the US at $2,319.62. Earlier today the metal fell below the US low seen yesterday and that extended to a new interim low at $2,310.69. It has rebounded off that low now and that is surely due to the lower US treasury yields just now this morning. Gold has rebounded back above $2,320. It is edging back from there now though, currently trading at $2,316.50