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Higher US yields push Gold back below $2,000
As noted here in the previous 2 updates, there has been quite a reaction to the higher than expected US Producer Price inflation report and that has now seen yields in the 2 Year and 10 Year notes rise by around 10bp. That has been enough to push gold back down to below $2,000 per ounce again. The metal had traded to above $2,008 earlier today. It is just now closer to $1,995
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It is looking like another record close for the DAX today
As the European close draws nearer this afternoon, it is again the DAX that is shining the most. The index has not long ago pushed to set another all...
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Gold edges lower towards a test of trend line support at $2,637
Earlier today an update here noted the levels in gold, with the 50 day moving average capping the topside above $2,668 and an upward trend line coming...
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EUR/USD pushing closer to 1.06 this afternoon
The noted break above the 1.0550 level in the EUR/USD this afternoon has now delivered further upside. At the same time the GBP/USD has done as...
