I believe that the main influence on gold is the “supression regime” and how they are able to manage the achievement of their purpose–That said, techical and fundamental

Posted by Richard640 @ 9:26 on April 10, 2018

factors DO exert some influence occasionally–We know that gold is allowed to rally a bit IF the stock market and/or the financial system are “OK”. So, I wonder if these 2 “news” items are having an influence [plus the weaker dollar]=

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Producer Prices Hotter-Than-Expected, Core Hits 7 Year Highs

The headline PPI Final Demand YoY print of 3.0% is higher than expected and back to last year’s highs, but core PPI surged to 2.7% YoY – the highest since Sept 2011.

Euro Surges After ECB’s Nowotny Suggests 20Bps Rate HIke

“I would have no problem with moving from -0.4% to -0.2% as a first step and then, as a second step, include the (main refinancing) policy rate”

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