Gold finds buyers on the dip

An earlier update here noted how Gold was falling back below $2,900 on what looked like further profit-taking. Well, subsequent to that update the metal took another lurch lower and that saw it fall back nearly another $20 from where it was at the time of the previous update. Gold fell back to set a low at $2,881.79. However, it seems to have found a few buyers down there and perhaps that is not too much of a surprise seeing as that low represented a fall of more than $60 from the earlier record high, at $2,942.68. So, Gold just now managed to bounce back above $2,900. It is currently trading at $2,899.25