Gold finds buyers off the lows again

As the US stock markets rolled over yesterday evening, Gold fell back. The metal fell from an earlier session high above $3,020. The fall extended to $2,974.80 ahead of the US close. Gold later closed at $2,983.27 and earlier this morning it fell to $2,970.17. However, as the risk dynamic has deteriorated across the Asian markets and the dollar has fallen, Gold has rebounded again and that has seen it rise to just above $3,020 once more. So, we have a continuation in that diverging dynamic, that sees risk based buyers grab gold only for sellers to liquidate the same risk assets at times, when stock losses deepen. Gold is right now at $3,017.10