Spot Gold $1700

Tyler Durden's picture

Earlier we noted Gold's seeming clairvoyance with regard the expansion of the Fed and ECB balance sheets over the last few years. It seems the EUR strength overnight (or stop-run) has provided just enough USD weakness impetus to nudge spot Gold (not futures) back over $1700 for the first time since March 13th.

Spot Gold breaks $1700...

 

and leads Fed/ECB balance sheets higher on expectations of more printing...

 

Charts: Bloomberg