Dollar Index Plunges, Gold Prices Remain Subdued

The elephant in the room this morning is the weakness in the US Dollar vs. Euro, Pound, and even the Yen.

Let's notice that the DXY is bearing down on its 2-1/2 year support plateau between 79.30 and 78.90.

A sustained break of the support plateau will have the potential to send the DXY towards 76.50, which should, but as of yet has not, trigger a sharp upside reaction in Spot GOLD.