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Yet more records for Gold today

Yesterday afternoon Gold set a new record high just above $2,277 before it then slid back towards $2,250. A later rebound ensued into the US close, where the metal later set fresh records by ending that session at $2,280.67. Today it has advanced further and set another new all time high earlier this morning, at $2,288.40. The driving forces behind this move remain as previously stated and it looks like further gains cannot be ruled out in the short term. The low seen earlier today was set at $2,276.83. What is impressive about the gains for gold right now is that they are ignoring higher US yields and no material Yen strength- the Yen remains weak versus the dollar. Gold is currently trading at $2,285.10  

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