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Gold hits fresh interim lows as US yields and USD/JPY rise
The reaction in Gold right now to the higher than expected US inflation data is as one might expect. The metal has taken it on the chin and slumped to below the most recent low, just under $2,012. The low seen so far has been set at $2,010.84 a moment ago, but it might not be finished with yet. Gold is falling as US yields surge around 0.10% following this data. In fact gold has just now taken another hit and dropped below $2,010 as I end this update, currently trading at 2,006.50
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