Gold Trading Below $1200 for First Time Since 2010 as the USD Gains vs the YenDecember 19, 2013
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.