Fortunately for the bull camp in gold, today's US economic reports slate is empty which could tamp down revived interest in the dollar following yesterday's flow of very favorable US housing and jobs data.

In retrospect, the higher high in April gold early Thursday was heavily dependent on the sharp washout in the dollar.

Unfortunately for the bull camp, the dollar staged a significant recovery and US treasury yields reached higher highs off further erosion of hope for a US rate cut...[MORE]

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