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Gold lifts despite weaker Yen
The rebound in the USD/JPY today has not yet negatively impacted the gold price. The metal fell to as low as $1,913.95 yesterday afternoon, but it did eventually recover and that recovery saw it later reclaim levels above 1,920 per ounce. Gold later closed in the US at 1,920.02. It has made gradual further progress today too, rising back above its 200 day moving average yet again (now at 1,925.40). The 50 day moving average is still capping the topside for the being though and that is still falling and in place right now at 1,930.15. Gold has just now lifted to a session high at 1,928.57 It is just now at 1,928.50
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