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From the Floor: Gold breaks long-term resistance — #SaxoStrats
Gold prices have broken north of a long-term downward channel in place since 2011 on multiple risk factors including last week's soft US jobs report, the London terror attack, and Qatar's diplomatic crisis.
• Gold trading just below $1,290/oz on multiple risk factors
• Thursday sees ECB out, UK voting, and former FBI head Comey testifying
• Oil knee-jerks higher on Qatar headlines but supply fears cap rally
• 'We remain overweight European and Japanese shares': Garnry
• S&P 500 likely to defy 'sell in May and go away' adage: Larsson
• JPY gains ground as risk-averse traders provide safe-haven bid
15:25 minutes
Tags: crude oil, dax index, gbpusd, qatar, saudi arabia, saxostrats, tradingfloor.com, usdjpy, xauusd
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