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Gold takes a hit on raised Fed rate outlook
The news that the Fed have actually increased their rate look outlook for the next 3 years has really surprised the markets and as just noted, sent the dollar screaming higher across the board. This news has also dented equity markets and sent Gold lower. The metal has now fallen back to a new low on the week as US yields rise on this news. Gold has extended the move below $2,632 and dropped to below $2,625 a moment ago. The next support remains just ahead of the $2,600 handle, as noted here this morning. Under the current circumstances It would be unwise to rule out at test of the 100 day moving average now. That is in place at $2,604.50. Gold is right now at $2,621.90
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
