Since the collapse of the precious metal in....>

GOLD: Since the collapse of the precious metal in late NY yesterday, where the

price dropped over $15 (the biggest drop in one session since September). The

price slowly grinded off yesterday lows of $1274.60 to print recovery highs of

$1281.44 in the European morning. The rate hovered close to the highs, as the

market awaited the arrival of NY.

As NY entered the fray, the price dropped back towards $1277.00, as US Tsys

yields firmed.

-Gold slipped to fresh session lows of 1276.32 before spiking as US Tsys yields

tanked, the precious metal printed session highs of $1284.79.

-The yellow metal ran out of steam, after printing fresh

session highs of $1284.79 with the price slipping back towards $1282.

-The price remained in consolidation mode for the rest of the NY session,

bouncing between $1280-1283.00.