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Gold gets a lift as US yields slip

Following on from the previous update noting the gains in the Yen, the same lower US yield dynamic has also helped Gold to rebound. That is the normal dynamic and of course the lower USD/JPY is part and parcel of that too. So, Gold is now tracking back above $2,175 per ounce. The low seen earlier today was set at $2,162.67. The close last night was set at $,2181.33 and that could be a resistance level from here on. The other level to note above that was mentioned earlier today and remains at $2,186.39. Gold is currently trading at $2,175.75

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