gold is moving up and usd falls

  1. 22,691 Posts.
    Euro: 1.3095 (+0083)

    Gold is at its high of $425.5 (+ 2.70) and USD fell 0.27 to 83.09. Silver 6.68 (+0.05)

    oil: 48.24 (-0.24).

    There are a few important US items to come through: CPI, housing starts and red book; I wonder if anything leaked out.

    The TA has not been successful sofar; not only didn't the USD sustain that rise but Gold won't get near 410 unless interest rates are sufficienly raised. There were some signs last time that stores inventories were increasing, though.
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