Gold lifts further into uncharted territory as it sets a new all time high at $2,670

Yesterday gold rose steadily into and after the 4pm London FX fix. Once the metal surpassed the existing record high just above $2,640 it did not look back into the US close. It later ended that session at $2,657.10, which was obviously a new closing record too. Earlier today it extended that move and forged on, to set a new record high at $2,670.57. It has backed down from that level just now, but remains elevated overall. Once again it was a surge of risk based buyers seeking out a haven as the situation in the Middle East deteriorated even more. The fall in the USD/JPY later yesterday afternoon also helped to drive the price higher. The low seen earlier today was set at $2,655.64. Gold is currently trading at $2,658.70