Gold Soars Above $1200 On Heavy ‘Safe-Haven’ Flows

Gold buying began at the European open and accelerated after the weaker than expected CPI print, snapping above $1200 and extending gains on notable volumes…

Volume is well above average…

Notably the dollar is not plunging (it did spike lower on CPI but rebounded)…

Silver is also on a tear…showing the EU open and CPI print spikes more clearly…

Spiking back above $14.50 on heavy volume…

 

via RSS https://ift.tt/2yuzsyj Tyler Durden

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