FXS: Gold rallies to $1,119 oz high, as Dollar drops across the board
FXstreet.com (Barcelona) - Gold has appreciated considerably during European Trading session, and rebound at $1,093 low has extended past $1,113 (Dec 27 high) to reach session high at $1,119 (Dec 21 high) before pulling back to levels around $1,117 at the time of writing.
Dollar weakness has favoured goldīs strength as EUR/USD has soared from 1.4255 low to 1.4415 session high, and the GBP/USD has soared from 1.6055 low to 1.6240 high, although the Pound has been rejected at the mentioned level and trades at 1.6185 at the moment of writing.
AUD/USD, a heavily gold-correlated cross, has bounced from 0.8935 low on Asian trade, to break above 0.9015/25 resistance area to hit a fresh 2-weeks high at 0.9065.
