The yellow metal started pushing higher in.....>

GOLD: The yellow metal started pushing higher in Asia and did not look back

through the European morning. Bullion climbed more than $6 through the European

morning session to an intra-day high of $1295.72, just ahead of the NY open.

-Price has broke the $1297.05 resistance level (Nov17 high) and printed a fresh

intra-day high of $1298.68. The move higher was led by precious metal demand

rather than following the USD or US Tsys yields.

-The yellow metal printed fresh highs of $1299.29 as it continued its buoyant

tone.

-The precious metal fell rapidly from $1298.41 to $1292.27 as the dollar

strengthened and US Tsys yields firmed. The move lower in gold further supported

by the Aussie and Yen falling.

-A sharp spike in the precious metal, as reports come out that Japan has picked

up signal's of a North Korean missile launch prep. The price jumped from $1294

towards $1297.50.

- The dollar received a lift following hawkish comments from the Fed's Kaplin,

bullion followed suit drifting back towards $1294.00