Caught an interesting move in gold yesterday - prices absolutely ripped higher, up around 2 percent to hit $5,050.90 an ounce. The real story here is the dollar getting hammered. The dollar index dropped 0.7 percent, and whenever the greenback weakens like that, gold tends to follow through on the upside. Makes sense since gold gets cheaper for international buyers when the dollar pulls back. What's interesting is the timing - we've got some major economic data coming up that could shift things. The jobs report got delayed last week due to the shutdown but should be released soon, and that's always a big mover. Retail sales and inflation data are also on the radar. If these reports come in hot, it could support the dollar and potentially cap gold's upside. For now though, the momentum is clearly to the upside as long as the dollar stays under pressure.

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