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Gold slips as USD/JPY and yields rebound

The US treasury yields are now making some upside progress. The 2 Year note is now rising above 4.87%. Earlier it traded as low as 4.82%. This push higher has come after the release of the batch of latest US economic data. As just reported, all that news has helped the USD/JPY rebound and of course those modestly higher yields have played a part in that too. So, as the USD/JPY rebounds with yields that has pushed gold back down below 1,970. Earlier Gold had lifted just above 1,975. It is now trading at 1,966.30

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