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Gold lifts as European stocks fall further

Since the last update here on the European stock markets, the losses have deepened across the CAC 40 and the DAX. The CAC has just traded below 7,600 and the DAX is pushing well below the 18,200 handle now and closing in on 18,150. That is producing something of a risk off dynamic and that is impacting the Dow Jones futures as well. In fact all the major markets, except for the tech sector and the Nasdaq 100 futures are in the red right now. This is helping Gold to find its feet again and that does rather make sense. However, given all that surrounds the metal right now, it is not doing as well as it could, to be honest with you. That said, it is higher and currently trading just above $2,320 
 

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