Gold in mid-range mulling its options right now

As covered in updates here yesterday, Gold once again failed to drive home a relative risk based advantage as the US stock markets initially tumbled following the US CPI report. Gold got close to a new record again, when it reached just above $2,529. In the event and as covered here at the time; that failure saw is drop back towards $2,500. However, that nice round price point did cap the downside and gold later closed in the US at $2,511.76. Today gold has mostly held a price approximately in the midst of what could be a defined range, covered by $2,500 and that current record high, at $2,531.75. The range seen so far has been set at $2,511.11 to $2,522.32. The metal is waiting for a break either way it seems and holding its powder once more. The priced action has been pretty much in the middle of that outlined range for the past few hours, just now trading at $2,518.90