Friday, January 12, 2018

Thar she blows! Dollar breaks into 90 handle while gold soars over 1% to $1340

With about one hour left in the trading day here on Friday, the bloodbath for the dollar that began two days ago is continuing without end.  In fact since Wednesday when an early week boost in the reserve currency saw it rise to 92.50 on the Index, it has lost over 150 bps to now fall below 91.


In the meantime, and despite a more than $1 billion dump in the paper gold markets this morning just before the open, the gold price is up over 1.3% when a short while ago it touched $1340 per ounce.

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