Sentiment sours but gold benefits
An upbeat start to the day led to a decline in gold but a turn in risk trades has reversed the move. Gold is now flat on the day at $1285 after falling as low as $1278.
It's the second day of gains for gold after three days of declines. It found support near $1275 on Monday in a re-test of the lows of the year.
In the bigger picture, gold remains locked in a relatively narrow range as it consolidates following the run from $1200 to just shy of $1300.
