Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold gets slammed into the 4pm London FX fix
If you are looking at the Gold price and wondering why it has come off nearly $50 this afternoon, then here is an explanation. It looks like the failure to set a new record above $2,483.73 is partly the reason (Gold topped out at $2,477.68 this afternoon), but the main reason as to why it has fallen back looks entirely due to margin calls on stocks and the forced liquidation of gold positions to cover those stock losses. There can be little other reason, especially with the weekend fast approaching and the risks that holds in terms of what might, or might not happen in the Middle East. Gold is just now trading at $2,431.60
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...
