Forex news for US trading July 17, 2015:
– Gold down $11 to $1134, touches lowest since 2010
– WTI crude down 10-cents to $50.80
– S&P 500 up 2 points to $2126
The US dollar got a bit of momentum from housing starts and that was all it took to send the gold crashing to 2010 lows. Truth be told, it wasn’t the cleanest break, with prices falling only 10-cents below the Nov 2014 low so there’s an argument for caution after four weeks of declines.
