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Gold Surges Above Key Technical Level, Silver Regains Last Week's Losses

Gold has filled the gap from the mid-July China crash and broken above its 50-day moving average for the first time since June. Silver is surging once again this morning reoundtripping to last week's pre-flush highs...as The US Dollar limps lower.

 

Gold breaks above the 50DMA for first time since June...

 

Recovering all of the flash crash losses...

 

And Silver roundtrips from last week's plunge...

 

Charts: Bloomberg