At 0907ET, someone decided it was the perfect time to dump $1.5 billion notional worth of gold, smashing the precious metal below its 200-day moving-average and back down to 4-month lows...
And so, once again, gold futures are tumbling...
To 4-month lows...but still up around 10% year-to-date...
What"s driving the gold weakness? Who knows... because it"s not the dollar...
Though Gold"s sensitivity to USDJPY has picked up notably...
No comments:
Post a Comment