A sharp order driven dip at the Asia open......>

GOLD: A sharp order driven dip at the Asia open witnessed gold crash from $1254

to session lows of $1249.06 before quickly reversing. The rest of the session

was somewhat muted, with price slowly grinding higher through Asia and the

European morning printing session highs of $1258.71. As NY entered the fray the

precious metal maintained its buoyant tone.

- The gold received a boost following US Tsys yields dropping sharply and

concerns over NK re-appear. The price spiked to fresh session highs of $1261.87.

- As usd/yen rallies on the the back of Fox News reporting that Marco Rubio is a

"yes" on the US tax bill, the precious metal has dropped to pullback lows of

$1253.49 before recovering back towards $1256.00.

-The precious metal remained in consolidation mode for the remainder of the NY

session with the rate hovering around the middle of the session range

($1249.06-1261.87).