Monday, May 2, 2016

Gold Surges To Jan 2015 Highs, Tops $1300 As Euro Hits 9-Month High

http://www.zerohedge.com/news/2016-05-02/gold-surges-jan-2015-highs-tops-1300-dollar-extends-slide

A lack of intervention in the Yen and strength in EUR have combined to weigh on the US dollar (following the Treasury's "currency manipulator" report. 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...

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