Gold Trading Below $1200 for First Time Since 2010 as the USD Gains vs the Yen

December 19, 2013

By Knowledge Leaders Team in Uncategorized

Gold isn’t taking tapering so well this morning. It is down about 3% so far and is at levels not seen since mid-2010.

Meanwhile the USD is strengthening with the main casualty being the yen. With Fed tapering now a reality, the BOJ may be able to effectuate round 2 of its currency depreciation game.

Tags > Gold, USD, Yen

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