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Earlier this morning Gold pushed above the earlier noted high around $2,801. The metal reached a new record high, at $2,807.87. Now that we are into uncharted territory once again, after taking out the 2024 record high, at $2,790.10, it is hard to say where the next resting point might be. Of course gold will react to any surprise in the US PCE data and it could take a lead from the US bond markets. So, if you are involved in this one, then keep an eye on those yields after the data hits the screens, because they could act as a short-term indicator. Gold is currently just off its new record this afternoon, trading right now at $2,804.25
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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