Gold lifts towards $2,650 as US yields slip

The slide in the dollar since the release of the noted Washington Post article has helped to send US yields lower. The 10 year note yield was above 4.63% earlier today. Subsequent to that news, the yield has fallen to 4.59% and that is enough to lift gold. The drop back in the dollar has helped too, especially versus the Yen. So, Gold which as noted here earlier, successfully held its 100 day moving average, has now lifted towards the noted 50 day moving average, at $2,655.70. The metal has not quite gotten above $2,650 yet, but it has come close. Gold is currently trading at $2,646.80