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Spike in Precious Metals Triggered by USD Weakness, Volume Spike

GOLD
  • Worth monitoring this gold move, looks triggered by the USD weakness spilling over into commodity markets. Has been a sizeable uptick in volume across gold futures, with front-month seeing ~15,000 contracts traded inside 3 minutes on the spike higher to $1,700.
  • That's cash equivalent of approx. $2.5bln - and the best volumes crossing that market since the NFP release and the Fed last week.

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