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Gold Surges To Jan 2015 Highs, Tops $1300 As Dollar Extends Slide

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By Tyler Durden

A lack of intervention in the Yen and strength in EUR have combined to weigh on the US dollar. Bloomberg's USD Index is back at one-year lows as, while overnight chaos sent stocks higher, it has driven investors into the safety of bonds (Treasury yields down 2-3bps) and precious metals. Gold topped $1300 and Silver $18 as EURUSD pushes above 1.1500…

USD Index getting clubbed..

Gold tops $1300…

And Silver hovers at $18…

…read more

Source: Gold Surges To Jan 2015 Highs, Tops $1300 As Dollar Extends Slide

    

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Posted May 2nd, 2016 in Uncategorized.

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