Gold slips back into the European opening

Yesterday the noted jump in gold was a logical reaction to all the events that surrounded it. That saw the metal lift from an earlier session low, at $2,634.58, to a later high at $2,673.18. Gold later closed in the US at $2,663.23. It has not managed to get above that US close yet this morning and just now the metal fell back to a session low at $2,645.67. Asking around to see why that is, the response seems to suggest profit-taking and little more at this stage. Beyond the current relapse, once again it seems gold will react to events that unfold as the day progresses. Gold is currently trading at $2,646.75