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Gold on the rebound again so far today as geopolitical pressure remains in place

Following an earlier update here, Gold has now made some progress. As noted earlier, it was a bit of head-scratcher as to why it has fallen back to a low at $2,267.87 during the Asian session. Well, it is of course not down there right now and short while ago it rebounded to a session high, at $2,296.17. That rebound comes even as US yields edge a bit higher this morning. Of course last night those US yields fell back quite sharply as a rush of hot money headed back into the perceived safety of US bonds. The US jobs report could have an impact on how gold trades this afternoon, but much depends on what emerges from that report, assuming it is not just a passing impact too. Gold is currently trading at $2,294.40 

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