Perhaps this weekend’s New York Marathon got traders pumped up, because markets are off to a blistering start to the trading week. US equity futures are pointing to an open at all-time highs, EURUSD hit its lowest level in over two years, USDJPY is testing a 7-year high, and Gold has dropped to its lowest level in 4.5 years. Focusing in on the yellow metal, there is no obvious single catalyst for the big drop. Of course, the persistently strong dollar has played a big role, as has last week’s solid US economic data, which decreased safe-haven demand for gold. In addition, traders pulled $1.3B from gold ETFs, showing ... (full story)