No Glitters, Only Shivers

Unfortunately GOLD didn't rebound, broke the support. Weaken Oil and sudden bullish dollars drove it down - oh well, they are all inter-related. Expensive Oil drove inflation, coupled with already weaken dollar, one would have thought traditionally precious metals will be in vogue.

Dollar turnaround was really surprising! This happen after FED, BOE, ECB decides to hold Interest Rates. Initially, I suspect their strengthening of dollar were due to massive carry trade unwind.

However, after reading an insightful article, I'm beginning to believe it was due to FED intervention. While they have temporary halt the weaking of dollars, unfortunately, the underlying fundamentals issues remains unresolved.
Dollar Index - Mystery Solved

Of late, I reading about mishaps in some oil fields (explosion) which may leads to supply issues. Oh dear, does that means high oil prices is coming back once again? :(

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