Gold has rallied in Tokyo following a dovish outcome overnight from the FOMC meeting.
US yields have now dropped to the lowest levels since the start of Sep 2017 levels, extending the downside from overnight and in the aftermath of the Federal Reserve with a reading in Tokyo as low as 2.004%; US yields were as high as 2.098% ahead of the Fed overnight.
Gold prices have subsequently rallied to the highest levels since 2013, just about surpassing the 2014 highs by a few bucks. The high, so far, has been $1,394, but at the time of writing, the yellow metal has pulled back to $1,381.
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