Gold Rips Higher After Initial Gap Lower

From dailyforex.com

Gold initially fell hard at the open on Monday as traders reacted very poorly to the idea that the ceasefire in Islamabad wasn't built upon. This market is still a bullish longer-term scenario but will feature a ton of short-term noise. Gold initially fell hard at the open on Monday as traders reacted very poorly to the idea that the ceasefire in Islamabad wasn't built upon. The agreement never came and therefore markets panicked almost immediately. Interest rates shot up in the United States on the 10-year, which is what I've been tracking, and that of course drives gold lower. That being said, we have seen those ... (full story)