Gold lifts above $2,660 as tech stocks slip

The tech sector and the Nasdaq 100 has now overtaken the Dow Jones to the downside and that has also dented the S+P 500, as that now falls to session lows underneath 5,840 a moment ago. The driver for this has been a less than ebullient update from ASML and further concerns on Chip supplies from NVIDIA. The upshot of that has sent a slight risk off tone across the markets and that has helped the Yen to gain slightly versus the dollar. So, this all adds up to favour gold and the metal has just now lifted to session highs above $2,664. Earlier this afternoon the metal had suffered a relapse to just below $2,640. It is currently trading at $2,663.50 heading into the 4pm London FX fix