Precious metals are the best performing asset class today with gains ranging from 1% to over 2%. The US dollar weakness can be named as the primary cause behind today's rally with US currency being the top laggard among majors today. Silver is a top performer and gains over 2%. Meanwhile, gold has made its way back above the $1,900 handle and looks towards weekly highs and an important price zone at $1,915.
Gold broke above the downward trendline and is testing a mid-term resistance zone at $1,915. Source: xStation5
Market wrap: Oil gains amid US - Iran tensions π European indices muted before US NFP report
π Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30
Silver rallies 3% π A return of bullish momentum in precious metals?
Daily summary: Weak US data drags markets down, precious metals under pressure again!