Gold up $15

Gold is up $15 to $1335 to a one week high. The reaction might not be what you would expect to get after news of talks between North and South Korea in April.

Technically, the climb highlights the rejection of the February low, which was briefly broken last week.

In the bigger picture, it's not a huge development as it rebounds close to the midpoint of the range over the past two months.

It's a big week for global central banks and economic data so that will be what's next. The story today is really about US dollar weakness and that's going to be the story for gold in the week ahead.