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Gold still following the same price dynamics
Much earlier today, as the USD/JPY lifted to test the 157 handle again and US treasury yields remained relatively elevated, Gold fell back very close to $2,340. Well, since then the USD/JPY has fallen back close to session lows right now and that has come as US yields slip once more. That dynamic allowed Gold to rebound again and a short while ago the metal did what it does best most of the time and trade off the Yen and treasury notes. The high seen was set at around $2,357. It is off then high now though, but the fact remains; that if you want to make the most of intraday swings in the metal you need to keep a constant eye on those drivers. Gold is currently trading at $2,351.60
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