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

GOLD
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
Energy BulletsCommodities
Energy BulletsCommodities

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