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Gold pushing close to 2023 highs as it nears $2,062.99
The drop in US yields this afternoon, accelerated by comments from Jerome Powell has helped gold to make a move very close to its current 2023 high, at $2,062.99. The drop in the USD/JPY has also helped to push the metal higher and as noted here earlier, it is that correlation that is delivering fresh gold buying. It has just now traded to a high at 2,062.05 and it might extend above the current high, if a break there entices more buyers out of the woodwork. Gold is just now trading at $2,060. 95
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USD/JPY falls towards 144.50 and so new 2025 highs for GBP/USD and EUR/USD
The dollar just got slapped and in truth probably due to comments from the Fed boss, Jerome Powell. So, as expected and warned about a few times today...
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GBP/USD pressing again- can it reach a new 2025 today?
The dollar is losing some more ground right now and that has seen the EUR/USD push back above 1.1610. The GBP/USD is also close to session highs seen...
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US consumer confidence unexpectedly falls in June -Nasdaq 100 slips
Those US data releases have just been released and it has been a mixed set of data. The Richmond Fed index improved to -7, but the nationwide consumer...
