Browsing Tag

XAU

US Rate Cut Boosts Gold & Silver

Gold The yellow metal is ending the week firmly in the green, as of writing. Weakness in USD has created further demand for gold. Prices had been subdued earlier in the week due to improved risk sentiment in response to encouraging…

USD Rebounds on Stronger NFP

The monthly payrolls report from the US saw employers adding 224,000 jobs during June. This was higher than the estimates of 162,000 jobs. The unemployment rate ticked higher to 3.7% on an increased participation rate. The average hourly…

Volatile Week For Metals

Gold It’s been a volatile week for gold prices with strong moves in both directions. Prices traded up to just shy of last week’s multi-year highs, before closing back near the middle of the week’s range. Gold prices were initially…

SPX500 Hits All-Time Highs

US equities surged higher on Monday with the S&P500 hitting new all-time highs intraday before pulling back towards the close. The G20 theme remains dominant with Washington and Beijing calling for a temporary truce to the trade wars.…

Markets Look to New Month

The currency markets open to the new trading month of July. The major themes driving the currencies this morning include the weekend G20 summit. Investors were waiting for a major breakthrough in the US-China trade talks. However, both…