The gold market managed to reject the prior session's low and also at times Thursday managed to climb above the prior session's high. Clearly the gold market was initially undermined by the strength in the Dollar, but seeing the Dollar at least initially fall back from another new high for the move seemed to prompt some currency related buying. Perhaps the buying Thursday was short covering buying interest, but with Wednesday being the first lower close in several trading sessions, the short covering action was probably limited. However, it did seem as if renewed Hawkish dialogue from the ECB toward inflation resurrected the Euro and that in turn took some of the currency pressure off the gold market. Even more surprising is the fact that the gold market maintained its strength in the face of a mid day energy market slide and a recovery in the US Treasury and equity markets.