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Gold loves that US jobs data as it hits another record high
The reaction in Gold to the US monthly jobs report speaks volumes about what the markets really think of that data and the lower US yields it has delivered. So, gold jumped above its previous all time record high set yesterday and has advanced to new record high, at $2,185,50. It is not too far removed from that now and could easily lift again. As to where it might stall is hard to say and despite my efforts (noted here earlier), I cannot provide you with an accurate projection on just how much further it might rise from here. Gold is currently trading at $2,178.20
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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...
