Gold holds up remarkably well as US yields rise

Perhaps you might have expected a $30-40 slide in Gold following the release of the US jobs report? Well,  it did slide by exactly $20, but so far a deeper relapse has not happened, So, in relative terms that fall was not as much as it might been. Gold had traded to a high earlier today, at $2,683.11 and it fell to $2,663. 99 on the jobs news. Interestingly that fall remained above the noted 50 day moving average, in place right now at $2,647.83. So, as you can see that is still falling. Gold is now rebounding off the lows and the question is; will it completely ignore the higher dollar and US yields? It is sure making a good job of that right now, but doubts remain. Gold is currently trading at $2,675.50