Today gold pricing skyrocketed and broke strongly above Friday’s close.

Over the last couple of weeks, the safe haven assets particularly gold have been selling off as part of a mass liquidation of all asset groups following the U.S. equities reaction to the coronavirus pandemic and actions being taken worldwide.

Gold continues to fall in the presence of extreme dollar strength which is dictating most of the net change within the precious metals complex. As of 6:15 PM EST the dollar is currently up almost 2%, with the index currently fixed at 103.56.