Gold lifts off the lows seen in Asia today

The noted push to around $2,808 in Gold on Friday later saw the metal press even higher. It rose to set a new all time high, at $2,817.18. A drop back towards $2,800 was then followed by another rebound, which fell a little shorter this time, peaking at $2,816.10. The subsequent deeper slide saw it drop back to just below $2,795 and of course that was all due to the US trade tariff news later in the evening. Gold eventually closed in the US at $2,798.41- a new all time record, daily, weekly and monthly close. However, and despite all the risk aversion you have seen since then, Gold fell back to set a low earlier at $2,772.23. The reason for that would seem to rest with the liquidations of profitable Gold holdings in order to cover mounting stock market losses. That has seemingly eclipsed the metal as the ultimate risk haven. Well, it has rebounded off that earlier low now. The metal is right now trading at $2,788.10