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Gold pushes higher in Asian trading
Last Monday Gold touched $2,450. The high seen was set at $2,450.07 which was a new record for the metal. Well, since that peak last Monday, the metal fell foul of the gains in US yields. That sent gold down to a low during the Asian session on Friday, at $2,325.46, before it later closed in the US at $2,333.83. Overnight Gold has managed to edge a little higher, helped by a lack of traction in the USD/JPY and slight fall in US equity futures ahead of the European opening. The fact that US bond futures are closed today might have been a supporting factor too. Gold has risen to a high at $2,347.65 earlier, but it is off that high right now. The earlier low was set at $2,332.35. Gold is currently trading at $2,342.40
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