Gold steps back from new record high

Yesterday afternoon Gold re-asserted itself as the ultimate risk haven, recovering from the slide the night before, to below $2,775. The rebound came as the whole risk dynamic steadied, but still saw US stocks open lower and that helped gold buyers return this time. The metal rose to set a new record high, at $2,830.74. However, the news that Trump was offering a 30 day reprieve to Mexico saw it fall back by around $20. Gold later closed in the US at $2,815.21. The range seen so far today has been covered by $2,811 and $2,824. 65. Gold is right now close to the low end of that, but clearly this record rise may not yet run out of steam. As with everything else today, all bets are on the table when it comes to what Trump might say, or do next. Gold is right now trading at $2,813.50