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Gold rebounds from session low but yet to make a move above $2,070

Gold has held its for the most part so far today, after recovering an earlier dip to a fresh session lows a little earlier this morning, that saw it fall to $2,061.55. It is now trading back closer to its earlier session high, when it topped out at 2,069.31. So, as you can see it is yet to make a move above the highs seen on Friday, at 2,070.64. That said, it is not far off doing so and with US treasury yields drifting lower now today, the scene is set for more upside. However, it could probably do with the USD/JPY dropping back further at the same time. It possibly because the metal has not yet done that, which is keeping the gold price in check below 2,070 for the time being. Gold is currently trading at $2,066.90 
 

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