Gold loves those CPI numbers

Following on from the previous 3 updates, noting the reaction across the markets to the slightly lower than expected US CPI report, Gold has capitalised on this news too. The metal has lifted well above $1,950 per ounce, which is something it was not able to achieve yesterday. Gold has risen to 1,959.07 a short while ago. It is off that high now, but the next resistance level of any note is now at 1,970,55 and that is its current 21 day moving average. Gold is just now backing off a little ,more after the initial spike of enthusiasm higher. It is currently trading at 1,956.50