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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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Gold continues to edge higher after US data
The reaction across the markets following the release of the US data a few minutes ago has helped to lift Gold. Quite why that is the case is not...
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US weekly jobless claims as expected but USD/JPY slips
The latest US weekly jobless claims and Durable goods orders data have just been released. The focus here is on the claims numbers and they were...
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US Jobless claims on the radar for the USD/JPY this afternoon
At 12.30pm GMT the US will release the latest weekly jobless claims. Now, more usually this data might not always be that important, but under the...
