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Gold extends falls to more than $70 after US jobs report beats estimates
Gold has fallen further after the US jobs report beat forecasts and the metal has now dropped to test a prior support level noted here, at $2,314. The actual low set was at $2,314.29. It has bounced off that low now and given that the fall from the highs was now more than $70 perhaps that is not really surprising. It is interesting too; that the 2314 level has managed to stem the fall for the time being. However, it remains to be seen if that will be the case over time. Gold is just now trading at $2,319.70
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The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
