Gold slowly creeping back towards $2,300

Gold has been edging its way higher over the past couple of hours and now the metal is closing in on that $2,300 handle once more. The move higher is gradual and seems to smacks of trepidation and a market that is still nursing its wounds, after the more than $100 fall it suffered on Friday. Beyond the $2300 handle itself, it remains to be seen how much further it might recover, but one thing might come to its assistance and that is a series of heavy stock market falls later this afternoon, should such appear. It the metal does recover much above $2,300, then perhaps that former level around $2,314 might yet prove to be a sticky one. We shall see. Gold is currently trading at $2,299.50