Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold lifts above $2,340
Gold has finally made a move above technical resistance from a former Fibonacci level and its 50 day moving average. Gold had closed in the US last night at $2,329.46 after stalling and falling back from its 50 day moving average (around 2,338). The range seen so far today has been covered by $2,326.98 to $2,341.58 reached a short while ago. The break above those technical levels today looks like it might have enticed some system based buyers to jump on board and interesting to note that it could be risk based too, with so much for the markets to contend with in the coming days. It has also defied further Yen weakness and no drop back in US treasury yields yet today. Gold is currently trading at $2,340.70
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...
