Gold lifts above $2,765 hitting session highs right now this morning

Yesterday evening, the initial reaction to the Fed policy decision saw US yields rise. That rise helped to push gold lower, as reported on here at the time. The metal dropped back to set a new low on the day, at $2,744.85. The rebound that followed saw it later close in the US at $2,759.36. The range seen so far this morning has been pretty tight and covered by $2,758.29 and $2,766.56. The drop back in US yields and the dollar versus the Yen is once again adding some traction. However, as we know those drivers can change, but for the time being the metal has a modest tailwind so far this morning. Gold is currently trading at session highs around $2,765.80