Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold falls back again as risk aversion fails to show up yet
Earlier today Gold did make some further progress, but it was limited and capped just above $2,325 ( the high seen was set at $2,327.65). Well, since then it has recently suffered another relapse. The modest rebound in the European stocks into the close has helped dampen any risk haven based demand and so far the rise in US yields has also had a negative impact on the metal. The US 2 year note is now above 4.75%. So, the combination of those two dynamics has pushed gold sharply lower in recent trading. The metal has fallen back to set a new session low at $2,310.10 a short while ago. It is currently trading at $2,311.55
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...
