Gold Surges To Jan 2015 Highs, Tops $1300 As Euro Hits 9-Month High

A lack of intervention in the Yen and strength in EUR have combined to weigh on the US dollar. Bloomberg's USD Index is back at one-year lows as, while overnight chaos sent stocks higher, it has driven investors into the safety of bonds (Treasury yields down 2-3bps) and precious metals. Gold topped $1300 and Silver $18 as EURUSD pushes above 1.1500...

 

USD Index getting clubbed..

 

On the back of EUR strength...Topping 1.15 for the first time since August

 

Gold tops $1300...

 

And Silver hovers at $18...

 

It seems the Treasury's "currency manipulation" report is having some effect.