Quick bids drives gold almost $10 higher.
Everyone in the bond market is complaining about illiquidity at the moment but gold traders have a better case. The market has been extremely whippy over the past week and it happened again just now as gold jumped $9 to $1191.
Some of the moves have come on news but others (like this one) have seemingly come out of nowhere. The dollar is broadly lower since the start of US trading and the euro and pound have been creeping back toward unchanged on the day. It seems as if dollar weakness sparked a bid above $1185 and then buyers jumped in.
