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US yields continue to slip as does the USD/JPY- Gold edges higher
Those US treasury yields are still edging lower just now. The 10 year note is now around 4.55%, which is come 0.11% below the highs seen since yesterday. This in turn has helped to push the USD/JPY lower still and now it is helping Gold back up again. Earlier this afternoon, Gold did not initially react to the move lower in yields and the dollar. In fact, it actually slipped back towards $2,905. Well, it is not slipping anymore. The metal is pushing higher again just now, but as yet not breaking any fresh ground on the topside. Gold is currently trading at $2,915.45
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