Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold slips to session lows as US yields and USD/JPY rebound
An update here much earlier today noted the really disappointing reaction in Gold to a firmer Yen and the failure of the metal to capitalise on that. Well, perhaps it is no surprise to see it is right now hitting session lows as the Yen weakens again. However, more importantly for Gold, those US treasury yields are now rising once more and that has done the metal no favours. The US 2 year note is now 5bp higher and that has forced gold lower. Obviously, if US yields fall back later, especially after the US PCE report (1.30pm GMT), then it might rebound again, but that all hinges on what that data has to reveal. Naturally, the opposite also applies. The low seen a moment ago was set at $2,028.17. It is just now trading at $2,028.65
Market News
All News-
Gold edging lower again- more updates early tomorrow morning
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...
-
DAX still attracting the flow as it pushes to session highs above 22,425
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...
-
Another technical look at the S+P 500 with big earnings due this week
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...
