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A degree of risk aversion kicks in as Gold lifts again
Over the course of the past 10-20 minutes a degree of risk aversion has seemingly kicked into the markets and the news from Germany regarding Merz and his path to the chancellorship has helped to deliver that. It has pushed the Yen higher and sent the USD/JPY below 143 a moment ago. It has also pushed US equity futures even lower and now the DAX has traded below 23,100. This has all helped Gold to push higher again and rise back above $3,380. Hence it is now closer to the earlier Asian high, at $3,387.10. Gold is trading right now at $3,380.20
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Following on from the previous update looking at the price action in the EUR/USD we see the GBP/USD has charted a slightly steadier route higher... -
It is very choppy out there right now- check out the EUR/USD
Having just covered updates on the Nasdaq 100, Gold and the USD/JPY, the vista out there right now is pretty choppy. It is easy to write something...
