This is crazy.
Gold was sold down from US$869 to US$862 just prior to the release of the US weekly jobless claims.
The US weekly jobless claims released 16 minutes ago were ugly at 497,000 which was 22,000 more than expected.
So instead of the US dollar falling on the bad news, the US dollar surged and gold was sold down to US$853.
Nothing makes sense any more.
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