Gold takes it on the chin again

Earlier this morning an update here noted how Gold had fallen back very close to the $2,700 handle. Well, for a few hours it held that level and managed to rebound back to around $2,725, but more recently it has taken another dive. The reason is simple folks- everyone has it and the US election has now provided certainty, with a clear winner. Hence, that coupled with higher US yields has forced more players to exit the trade. The low seen a moment ago was set at around $2,782 and it is still around there as this update is concluded