Gold takes out noted interim low at $2,013.40

Earlier this afternoon in an update here, I noted that gold was still at risk of taking out its most recent interim low at 2,013.40. Well, it has now done that and the further surge in the USD/JPY this afternoon (to above 148.30 now) is mostly responsible for that further fall. The higher US treasury yields are also a major driving force behind this latest bout of Gold liquidation. Gold has just now hit a fresh session low at $2,011.03. Once again I note; there is not much to shout about in terms of support levels between here and another look at the $2,000 mark. Gold is currently trading at $2,012.60