Gold reversed Friday’s gain, falling $10 to $1293.
Correlations today are extremely tight as risk trades move in tandem. The mood has been boosted by pending home sales and relief that Russian sanctions weren’t harsher.
More sanctions are likely in the hours ahead with reports from the Hague saying EU sanctions on Russia will be agreed in the next half hour, via BBG.
So far, Friday’s low of $1290 is holding in gold and that’s the key intraday level.
Gold 30 minute
