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Gold pushing close to 2023 highs as it nears $2,062.99

The drop in US yields this afternoon, accelerated by comments from Jerome Powell has helped gold to make a move very close to its current 2023 high, at $2,062.99. The drop in the USD/JPY has also helped to push the metal higher and as noted here earlier, it is that correlation that is delivering fresh gold buying. It has just now traded to a high at 2,062.05 and it might extend above the current high, if a break there entices more buyers out of the woodwork. Gold is just now trading at $2,060. 95

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