Gold continues its slide, falling back below the $1000 level as a bout of risk aversion grips the market.
Isn’t gold the safe-haven? Not anymore, Kemo Sabe. It has become the speculative vehicle for expressing the belief that ventral bankers are idiots and inflation is just around the next corner, or the one after that. Or the next one, just beyond…
Lower gold+ lower stocks= firmer dollar.
1.4688 and 1.4665 are downside supports near-term for EUR/USD…
