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Gold strangely takes a dive even as US yields and the dollar fall
Gold peaked earlier today just a couple of cents above $2,940. That means it failed to surpass the current record high just above $2,942. It was rising slightly into the US sales data, and did press initially a little higher after it. Well, that was then, but this is now. So, take a look at gold and you will see that someone has just offloaded a chunk of the metal. Gold has fallen back to fresh session lows since the US sales data and that fall comes even as the dollar and US yields are lower. Gold just dived to $2,917.85. It is currently trading at $2,920.30
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