Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold falls to fresh session lows after US PPI comes in much hotter than forecast
The details of the US June Producer Price Index (PPI) has just hit the screens and it has shown a bigger than forecast increase. The monthly reading rose by 0.4%, where a 0.2% rise was forecast. The annualised reading was also above consensus, rising by 3%. That was way above the prior reading of 2.3% and above the consensus for 2.5% rise. The reaction in the markets have seen the dollar push high across the board and Gold has fallen back to fresh session lows, as US yields rebound on the news. Gold has now fallen to a new low at $2,392.19. It is currently trading at $2,394.20
Market News
All News-
Nasdaq 100 futures lead the way this morning
On Friday all three major US stock markets recovered their early session losses and rebounded to set modestly higher closes. Those rebounds were... -
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the...
