Gold lifts above $2,412 but it could have done better?

The first attempt to reclaim levels above $2,412 yesterday failed, as covered in an update here after the price topped out at $2,412.05. Gold later closed in the US at $2,409.64. The slide in the USD/JPY today helped to propel Gold above $2,412 and that upside break did deliver a rise to $2,418.54 so far. However, given the extent of the Yen gains perhaps Gold could have done better? Well, that sure looks like the case here, but it may not be finished with this rebound. We shall have to see on that as the day unfolds. Gold is currently trading at $2,418.27