Gold

Gold After breaking out above the 1235 resistance level last week which has capped price over the past six months, gold prices retreated lower this week as the US Dollar pushed back up toward recent highs. US Dollar has come back into… Read More

The Swiss National Bank held its monetary policy meeting on Thursday. The Central Bank kept its LIBOR rate unchanged at -0.75% as widely expected. The Central Bank, however, lowered its inflation outlook. The ECB was the next central… Read More

Brexit hogged the limelight on Wednesday as British PM May faced a vote of no-confidence. Although there was a surprise in the decision, this was widely speculated. The sterling initially slipped on the news only to recover strongly later… Read More

Economic data on the day saw the UK's average earnings increased  by 3.3% in the three months ending October. The data beat estimates of a 3.0% increase. Previous data was revised higher to show a 3.1% reading. The UK's unemployment rate… Read More

The U.S. Dollar extended gains on Monday amid a somewhat slow trading day and lack of any clear fundamentals to push the USD higher. Gold prices retreated from Friday's highs, and it was a similar story for the Euro currency as well. GDP… Read More

Germany's industrial production sector was seen falling by 0.5% on the month which missed estimates of a 0.3% increase. The declines follow a 0.1% increase previously. The Eurozone's final employment change figures showed a 0.2% increase… Read More

Gold The yellow metal rallied this week, benefiting from weakness in the US Dollar to trade back to its highest levels since Q1 of the year. The weakness in the US Dollar was seen in response to Fed chairman Powell comments at the Economic… Read More

The U.S. Dollar was trading mixed on Thursday. Economic data on the day showed that U.S. private sector firms added 179k jobs during November. This was below estimates of a 200k expectation. Previous month's data was revised down to 225k… Read More

Trading in the U.S. markets were subdued as equities, and some other exchanges were closed due to the National day of mourning for the former President George H. W. Bush. In the Eurozone, the services PMI showed a modest increase in… Read More

The U.S. Dollar was seen trading a bit volatile on Tuesday. Economic data on the day showed that consumer prices in Switzerland fell 0.3% on the month. This was worse than forecasts of a 0.1% decline. The data comes ahead of next week's… Read More