Gold
is chasing third highest monthly level today, supported by the US equities crumble
and the creeping US dollar.
Gold
hiked 0.50% and reached and intraday height at 1283.80. Still the psychological
mark $1.300 from 2nd of May stands tall even though during the past sessions we
witnessed a strong objection on the highway to never. Last week gold faced some
slight losses, but emerged above $1.260.
Main
engine to set golden direction lately is the US dollar and both assets run to
opposite corners. Currently the greenback is shivering upon the skyfall of Fed
minutes tomorrow.
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