Gold Spikes Above Key Technical Level As USDJPY, Bitcoin Tumble

ZeroHedge/Tyler Durden/11-06-17

As European markets closed this morning, all bids disappeared from USDJPY and the pair dropped back below 114.00. In its mirror-like manner, gold reflected this tumble and surged above its 100-day moving average over $1280.

As USDJPY rolled over so Bitcoin hit an airppocket at the european close…

…Perhaps it’s just a delayed reaction to the chaos in the middle-east this weekend?

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.

Comments are closed.