07:17
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Gold spikes higher
Down nearly 1% on the session just minutes ago, gold has recouped all of the days losses and more in the space of a few bars, now up 0.1% to $1,086 per ounce. GLD +0.15%
The move comes amid sloppy action in stocks - with futures moving from near flat to about half a percent lower just ahead of the open. In early action, the S&P 500 is down by 0.5%, the Nasdaq by 0.6%, and DJIA by 0.8%.
Earlier, Mario Draghi promised more QE, if needed, and the Fed's Jim Bullard promised a rate hike. In her opening remarks at a conference, Janet Yellen doesn't touch on the subject.
ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
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Posted in: Technical Analysis
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