Gold Slammed To 3-Mo Lows Despite Dollar Dump

Writer at ZeroHedge • Nov 11, 2019 at 11:22 AM EST

The rout in precious metals continues this morning with gold back to 3-month lows, despite the dollar also being dumped.

The rout in precious metals continues this morning with gold back to 3-month lows, despite the dollar also being dumped...

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Breaking below its 50- and 100-day moving-averages...

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Source: Bloomberg

And with bonds away, the algos will play, decoupling gold and the dollar...

(Click on image to enlarge)

Source: Bloomberg

Will gold re-rally back to USD weakness when bond discipline returns?

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