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Gold gets a helping hand from BOJ comments
Yesterday gold rose to just above $2,200 as was covered in updates here at the time. However, it was not able to sustain the move and the metal later fell back quite a long way, handing back more than $25 from its earlier highs heading into the 4pm London FX fix. Earlier this morning it was struggling to regain upside momentum, even as the USD/JPY stalled ahead of the 152 handle. However, in more recent trading it has risen to session highs a short while ago, as the USD/JPY backs off again. The low seen earlier today was set at $2,173.50. It has not long ago risen to a session high at $2,193.96. It id currently trading at $2,190.90
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