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Gold slips back further following ISM report
Gold was already edging back down this afternoon ahead of the ISM data. The reaction to that data has seen it fall a bit further and now it is some $20 below the earlier session highs seen overnight. The metal hit a fresh session low after the ISM release, at $2,643.50. It is off that low right now, but it remains to be seen if it can recapture the upper hand and get back above the noted 50 day moving average once more. That is in place right now at $2,657.90. Gold is currently trading at $2,647.40
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