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Gold should be higher right now but it is hitting new lows on the day
Following on from the previous update on the reaction in the USD/JPY to the slight increase in weekly jobless claims, the dollar has just fallen a bit further, touching 156.10. Given that and the fact that US yields are down from their best levels, Gold really should be higher right now. Well, it is not and it has just now fallen below the prior low around $2,740 and hit a new low on the day close to $2,736. This price action is a little confusing to be honest. Perhaps gold will rebound again? We shall see. It is currently trading at $2,736.50
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USD/JPY edges lower despite positive US data
That whole bunch of` US economic data has just been released and it was pretty much as expected, or slightly better. The latest claims number were on... -
US data on the agenda shortly this afternoon as EUR/USD rebounds to touch 1.0800
At 12.30pm GMT we will get a number of US economic releases. Perhaps the headline those will be the final Q4, 2024 revisions on GDP and PCE. Nothing... -
Gold lifts close to record levels
An earlier update this morning noted how Gold buyers had a good reason to return to the market today. Well, since then the metal has advanced further...
