Gold finally rebounds

The slide in Gold yesterday afternoon was the subject of a good deal of coverage here. The fact that gold was falling back when everything suggested it should be heading in the opposite direction was clearly at odds with thoughts here, as conveyed in those reports. Well, luckily for Gold, that $2,314 level did hold, but it was a close run thing for sure, because the metal traded to a low at $2,315.70, before edging higher into the close, where it later ended the session at $2,327.01. It has managed to build on that rebound today, rising back above $2,340 earlier. The high seen so far has been set at $2,341.73. Gold is currently trading at $2,338.65