Sink a ship, get $15 rally in gold…
The skirmish between North and South has sparked a flight-to-quality bid into gold, boosting it to the $1105 area from just above $1090 earlier.
Swissy is a little expensive these days, as is the dollar, so the beaten-down yellow metal is taking the brunt of the safe-haven flows, what there are of them, today. Solid resistance lies just above the market in the $1107.50/1108. 25. A break targets a rally toward the $1118/$1120 area.