• Traders have slashed bets on gold and the euro rising

• Both gold and the euro have proved resilient despite the selling

• Gold rose to a record while specs were selling

• Gold up $800/oz since basing ahead 200-DMA and key fibo

• Impact of massive EUR/USD selling was less than a little buying

• Far less to stop euro and gold from extending bulls trends

• Loss of faith in USD and inflation fear are supporting euro and gold

• *

Gold and the euro

Gold rise in wake intensification trade war and and correction
during Iran conflict


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)