Gold Surges After Draghi Unveils Moar Easing

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Gold Surges After Draghi Unveils Moar Easing

It seems open-ended ECB QE was just the thing that gold-buyers were waiting for as heavy volume sent gold futures soaring this morning…

Gold Surges After Draghi Unveils Moar Easing

Silver is not moving so much for now…

Gold Surges After Draghi Unveils Moar Easing

US rates are also tumbling (dragged down by Bunds)…

Gold Surges After Draghi Unveils Moar Easing

Source: Bloomberg

Interestingly, precious metals are surging alongside the dollar (as EUR fades)

Gold Surges After Draghi Unveils Moar Easing

Source: Bloomberg


Tyler Durden

Thu, 09/12/2019 – 08:49Gold Surges After Draghi Unveils Moar Easing