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Gold looses a bit more ground
Since the last update here, gold has fallen back further below the $2,350 mark closer just now to $2,340. That means it has dropped closer to the 21 day moving average, which it busted above last week. That is just north of $2,337 and may yet provide support, if this downside move extends any further. We shall have to see on that though. The lack of traction so far today seems a little odd too, given that US yields are actually a little lower right now. The low seen a moment ago was set at $2,339.30. It is currently trading at $2,340.75
Market News
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Dow Jones slides more than 600 points as White House tries to spin the positive
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
