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Gold lifts again ahead of the European stock market opening
Yesterday gold lifted after the release of the ISM manufacturing index. However, the initial move, to just above $2,462 did not last for very long and the metal crumbled to around $2,435 just after the European close. To be honest with you, given all that surrounded the metal yesterday afternoon, that move did not make a whole lot of sense. Well, gold has rebound since then and it closed in the US last night at $2,446.26. It is making fresh progress right now too and has now lifted above the high seen yesterday. It seems that a rise above $2,462 a short while ago has tripped stops through the level and delivererd a high above $2,468. Gold is currrently trading at $2,464.50
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