This move is all about yields (specifically the10 year yield) and the USD. Both have popped higher and are in 'blue sky' territory relative to where they have been of late. The probability of the 10 year yield getting to 2% and the DXY getting to 95 is pretty high I think. That will weigh on USD gold short term - I expect it to touch back down to 1685 odd. Bargains appearing in goldies depending on your longer term view.
