Gold surged 3% on the day (back above its 50DMA) - its biggest daily rise in over 13 months - as it appears weak macro data (CFNAI and home sales miss) only...

James McKay
James McKay BRR Media

Gold surged 3% on the day (back above its 50DMA) - its biggest daily rise in over 13 months - as it appears weak macro data (CFNAI and home sales miss) only served to spur the overnight gains on un-Taper talk and short-covering. Silver's 5.2% gain is it second largest of the year pushing it back above $20

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