Gold continues to move on interest rates, noise from the headlines, and simple momentum. Gold continues to be very noisy on Wednesday, perhaps giving back some of the gains just due to pure exhaustion. It will be interesting to watch how this plays out because this is all about the bond market more than anything else. Bonds have seen rates drop over the last couple of days and that of course has helped gold with the idea that perhaps there is real chances of peace being reached in the Middle East; it of course has people optimistic in general. That will drive rates down. Gold of course has moved counter to this, but ... (full story)