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Dow Futures Break Key Technical Support, Gold Jumps

Courtesy of ZeroHedge. View original post here.

Dow futures suddenly dropped at around 0745ET – led by a drop in the dollar and Treasury yields – breaking below its 200-day moving average…

There was no clear catalyst though some suggested an 'old news' headline that hit Bloomberg at 0740ET – GIULIANI SAYS COHEN `DEFINITELY' WAS REIMBURSED – may not have helped. But as Dow futures broke the 200DMA, gold jumped…

And Treasury yields have been dropping all night…

As has the dollar…

Post-FOMC, Gold is winning…


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