Gold snaps Asian rebound as European markets reopen

An update here yesterday morning noted how Gold had found buyers underneath $3,300, when the metal lifted from a low point around $3,291. That rebound led it back to just above $3,340. However, as the comments from the White House seemed to strike a more conciliatory tone towards trade tariffs on China, gold crumbled and this time it fell back sharply. The fall extended to $3,260.50. Gold later closed in the US at $3,288.34. That has been followed by another pretty steep rebound in Asia today. Earlier Gold rebounded more than $100 from the low point seen yesterday afternoon, when it reached $3,367.34. So, as you can see, the price remains volatile and very elastic at times. The reason for the gains earlier today seems to stem from further negative news concerning the war in Ukraine. That said, gold has now pared that earlier rise and fallen back below $3,325 a moment ago. Gold is currently trading at $3,325.25