Gold finding some buyers this morning

Yesterday Gold fell back to a session low at $2,659.97, strangely just after the release of some rather benign US PPI data, which missed market estimates on the topside. The rebound that followed saw the metal lift towards the US close, where it ended that session at $2,677.46. The price action so far this morning has seen it push above $2,680. No doubt that was buoyed by the drop back in the USD/JPY today. Meantime, the 50 day moving average is still falling and the 100 day is still rising. They are in place right now at $2,644.20 and $2,636.40 respectively. Hence, the noted convergence continues. The high seen so far today has been set at $2,683.32. The earlier low was set at $2,669.45. Gold is currently trading at $2,681.30