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Yesterday the price action in Gold was surely a disappointment to fans of the metal. The rise seen on Wednesday, to just short of $2,330 was not extended upon yesterday and the slide back underneath $2,300 came even as US yields and the USD/JPY fell back. Gold fell to $2,285.60. It did rebound from there into the close, but given all that was going on around it, so it should have. Gold closed last night at $2,303.93. The fact that US yields have not risen today and the USD/JPY was back below 153 earlier only delivered a high for Gold at $2,308.80. It is edging lower just now. The metal will react later today though, when that US jobs report hits the screens and then after that, when the ISM data does the same. Right now though, it is rather muted for sure, inside a wider range currently defined by $2,280 and $2,330. Gold is currently trading at $2,300.90
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
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