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Gold needs to break $1,230/oz — #SaxoStrats
Following Janet Yellen's testimony yesterday, bond yields have stabilised and USDJPY is testing 113. This has led to led to short covering of gold. Short sellers are in control, says Saxo Bank's head of FX, Ole Hansen. He believes it will take a break about $1,230/oz for the market to turn back to neutral.
01:42 minutes
Tags: bond yields, commodites, gold, inflation, interest rates, janet yellen, north korea, ole hansen, saxostrats, trump
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