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Home > Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble

Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble

By Tyler Durden
Created 12/30/2014 - 08:37
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 12/30/2014 08:37 -0500



 

USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade [3] that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200...

Yen moved first then Gold reacted to keep the least famous pairs trade alive...

[4]

 

As USDJPY drags stocks lower...

[5]

 

and stocks catch down to bonds' uneasiness...

[6]

 

Chart: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2014-12-30/gold-surges-above-1200-heavy-volume-usdjpy-treasury-yields-tumble

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[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10118
[3] http://www.google.com/url?q=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2014-12-04%2Finside-look-shocking-role-gold-new-normal&sa=D&sntz=1&usg=AFQjCNHhfixjg_OwFoLBQdDozmsUUFzSYw
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141230_gold1.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141230_gold2.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141230_gold3.jpg