Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold back inside the tramlines again- the metal is slipping so far today
Yesterday morning Gold pushed higher and lifted towards $2,665 per ounce. In the event it could not crack that level and turned lower into the 4pm London FX fix, falling briefly below $2,650. Gold later closed in the US at $2,652.72. The price action is once again firmly inside the 50 and 100 day moving averages and as pointed out before, those are still converging, albeit very slowly. The 100 day is still rising and in place this morning at $2,602.80 and the 50 day is more sideways and in place at $2,671.05. Looking at the price action on the daily bar charts right now, the picture does not actually look that positive from a technical perspective. The range seen so far this morning has been covered by $2,646.55 to $2,658.72. It is currently trading at $2,647.80
Market News
All News-
BOE boss continues to add caution over UK inflation- EUR/GBP on course for a negative daily close
Following the Bank of England decision to leave interest rates unchanged at 4.5%, the BOE governor, Andrew Bailey has been speaking this afternoon... -
S+P 500 back above 5,700 this afternoon
At one point earlier today when the S+P 500 futures were pricing an opening close to 5,625, it seemed unlikely they might push back above 5,700 this... -
US stocks kick off in the red but opening losses pared- check out the Nasdaq 100 now
The US stock markets have not long ago opened for live trading and it has been an across the board lower start to the new trading session. The dollar...
