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Gold holding up well this morning
Gold did eventually manage to rise yesterday afternoon and once that move lifted above a previous interim high around $2,040, the metal accelerated moderately. Gold later traded to a session high at $2,050.75. It did back off as the USD/JPY recovered but, since then and so far today, it has not fallen back below that 2,040 level, despite a a further rebound in the USD/JPY this morning. The reason for that is seemingly because US treasury yields are no higher yet today. Gold closed the month out last might at $2,044.30. The range seen so far today has been covered by 2,042.90 to 2,048.90. So we have support right now at 2,040 and resistance just above 2,050. Gold is just now trading at $2,047.15
Market News
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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... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
