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Gold loses traction again so far today
On Thursday Gold fell to a low at $2,295.68. The rebound that followed on Friday, saw buyers come back to the metal, as risk aversion increased and players searched for a haven away from equity market risk, particularly here in Europe. So, Gold lifted to above $2,335 on Friday, but stalled not long after the 4pm London FX fix. Gold later closed in the US at $2,333.04. Well, so far today it has been tracking lower again and that seems to stem from a modest rebound in the European stock market futures and no further upside yet for the dollar. However, that can soon change again. Nevertheless, at the moment Gold is tracking lower again though and just now it hit a session low at $2,316.96.
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A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
