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Gold edges higher so far today
Yesterday the noted slide in gold seemed totally at odds with so much that surrounded it. US yields did not bounce and the Yen did not move substantially lower either, compared to where it has been this week. However, Gold fell back sharply, as reported at the time and that fall came after it failed to claim a new record high. That fall from close to $2,480 later extended to below $2,450 and the metal slumped to a session low at $2,438.15 just after the European close. It then pushed back up into the US close, where it later ended that session at $2,447.85. Earlier today it rose to a high at $2,455.52, but is just off that high right now, currently trading at $2,453.55
Market News
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USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
