Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold holding below $2000 so far today
As gold fell back below $2,000 per ounce yesterday afternoon, an update here noted the likelihood that it would test a lower support level. That was in place then at $1,989.29. Well, it came close to doing that last night, but in the event the proximity of that support seemed to stem the fall ahead of the US close. Gold ended in the US last night at $1,993.15. However, earlier today the metal did test that 100 day moving average and dip just a few cents below it. The low seen earlier in Asian trading was set at $1,988.95. The jump in the USD/JPY and US yields were once again the drivers for the fall in Gold and those dynamics are largely unchanged right now and that explains the lack of any rebound so far today. Gold is currently trading at $1,992.65
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...
