Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold edges back from a new record high at $2,682.35
Yesterday Gold continued to set fresh records when it rose to $2,682.35. The reasons for the demand were not one-dimensional at all. There is a quite complicated bullion storage based dynamic that is also at the heart of the latest all time high. Without going into detail on that is it driving the physical demand for the metal. The fall in the USD/JPY and US yields also helped to deliver the new record high. However, Gold did pull back later in the season and after peaking right on the 4pm London FX fix, it slipped back towards $2,860 ahead of the US close. Gold later ended that session at $2,867.24. The range seen so far today has been covered by $2,859.11 and $2,873.34. Gold is right now at session lows $2,859.90
Market News
All News-
Bitcoin lifts above 84k as it continues to track tech and risk
As the US equity markets push higher again that has now seen the Nasdaq 100 lift above 19,600. Well, no surprise to see that this move has been... -
As expected Gold backs off from new all time high above $3000
As covered here earlier today, spot Gold rose above $3000 per ounce for the first time ever. Subsequent to the update covering that move, the metal... -
Dow Jones drops back after University of Michigan consumer sentiment index falls
The latest reading of the University of Michigan consumer confidence has just been released and it has missed badly on expectations. At the same time...
