Gold finds some fresh buyers below $2,600

Earlier today Gold fell a little further below the $2,600 handle. The exact low seen was set at $2,589.77. However, since then it has rebounded back above $2,615. Technically speaking that does not mount to anything of note and of course it could suffer another downturn. It is safe to say that the fall to the lows today did meet with some decent buyers and for the most part that looked little more than interim short-covering. It will have to do better than it has so far in order to convince that is has done enough on the downside and do not forget all the while it remains below $2,643 doubts will remain too. Gold is currently trading at $2,615.90