Gold appears poised for a breakout move after being sidelined so far this week. At the end of last week, it was caught in the crossfire of the US Dollar ricocheting around rate expectations.
The US Dollar has been sucking many currency pairs into a whirlpool of large daily moves, most notably against the Japanese Yen and the Australian Dollar. The gold price has been contained in a relatively narrow range of US$ 1,860 – 1,885 so far this week.
