Gold Tops $1,200 As Dollar Dumps Below Key Technical Level

For the first time since before Thanksgiving, the price of gold has risen above $1,200 (now up 13 of the last 15 days) and outperforming all other asset classes year-to-date.

 

This latest jump comes as the USD Index tumbles further post-Trump’s press conference, breaking below the key 50-day moving-average for the first time since September…

 

As Post-Trump fallout erases the post-Fed gains…

This is the biggest Udrop in the USD Index since July.

via http://ift.tt/2inGwpy Tyler Durden

Leave a Reply

Your email address will not be published.