Dow futures suddenly dropped at around 0745ET – led by a drop in the dollar and Treasury yields – breaking below its 200-day moving average…
There was no clear catalyst though some suggested an ‘old news’ headline that hit Bloomberg at 0740ET – GIULIANI SAYS COHEN `DEFINITELY’ WAS REIMBURSED – may not have helped. But as Dow futures broke the 200DMA, gold jumped…
And Treasury yields have been dropping all night…
As has the dollar…
Post-FOMC, Gold is winning…
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