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No rebound yet for gold
Yesterday Gold tried to reclaim the $1,830 level and failed and then those JOLTS numbers hit the screens and the metal immediately fell below 1,820 and looked like it might set a new low on the day, underneath 1,815. Well, of course that did not happen because of the slide in the USD/JPY. That allowed gold to rebound again, but given the size of the USD/JPY fall, gold did not make as much ground as it should have. I would imagine that many wholesale players were disappointed by that, if they were on the buy side. So, Gold later closed in the US at 1,823.02, as the USD/JPY steadied above 149. The price is slipping again right now though, as the USD/JPY edges a little higher. Gold has just now hit a session low underneath 1,820 again following an earlier session high at 1,825.10
Market News
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USD/JPY edging off the lows as stocks lift
Earlier this morning the DAX did fall below the 22,500 handle and that fall came alongside some downside pressure across the US equity futures. That... -
EUR/GBP falls to a new low on the week
The price action on the EUR/GBP so far this week has seen it drift gradually lower. It has just now fallen to its lowest levels of the week, at 0.8315... -
US PCE report very high on the radar for the S+P 500 later today
At 12.30pm GMT the US will release the February PCE (Personal Consumption Expenditure) report and this is potentially very important. So, why is that...
