We’ve seen a sharp move higher this morning to $1291 from Asian lows around the $1275 level that I was banging on about again yesterday
Previous rallies had been limited to $1283 in recent attempts so this move is not to be understimated. Offers at 1295 and 1300 still will be tough to overcome though if this is just bounce off support buying per se.
Or maybe it’s trying to tell us that USD is not such a great buy right now
Any bullion traders out there want to give us a bit more insight?
