Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
Gold back in fashion as markets seek out a haven
Gold has understandably risen this afternoon and risen sharply following the reports from the US; that Iran is about to attack Israel within hours (according to reports from Israeli sources a moment ago). Gold was already spiking higher ahead of the US ISM and JOLTS data reports on the US news and had lifted to above $2,670. The metal had closed last night at $2,634.58 and was trading at around $2,650 ahead of the reports concerning potential Iranian action. In that sense the US data reports are rather meaningless, as in the short-term the metal will continue to focus on the geopolitics and not the data. Gold is currently trading at $2,662.50
Market News
All News-
CAC 40 not following the DAX so far this morning
The European stock markets have been open for less than 20 minutes and in that time we have seen underperformance from the FTSE 100 and the CAC 40...
-
Brent not really yet buying into a Chinese rebound in demand?
Brent crude has backed off so far today. On Friday Brent settled $0.36 lower on the NYMEX exchange, at $79.04. Earlier today the price fell back to a... -
EUR/USD still struggling for traction ahead of the ECB this week
The EUR/USD is struggling to make any progress. Indeed it was that way all last week too. The EUR/USD did avoid a fall below the 1.0900 handle though...
