Daily Articles About Gold
EUR/USD drops under 1.20
The US dollar pushes higher on Thursday after a bigger than expected fall in US jobless claims. That sent gold tumbling 2% while EUR/USD fell below 1.20. The BOE made negative rates an official policy tool. Today is non-farm payrolls day.
Bitcoin back over $60,000
The dollar rebounded on Friday while gold faltered and Wall Street hit record highs. GBP/USD is testing 2-month lows. Over the weekend Bitcoin rose back over $60,000 but pulled back afterwards. This week Q1 earnings season kicks off.
FOMC Meeting Preview
Markets have mostly pressed the pause button in the lead up to today’s FOMC meeting with gold and the dollar trading in narrow ranges and US stocks ending flat and just off record highs.
Bitcoin’s 2nd biggest monthly ever!
It was a quiet day in FX and stock markets with the US and UK away on holidays. Bitcoin had its second biggest monthly loss on record, while gold had its best month in 10.
Final week of Q1
It was a strong day for stock markets on Friday with the S&P 500 rallying 1.66% to reach a fresh record high. The dollar finished the week on top, with NZD/USD the biggest faller following new housing rules. This is the last week of the first quarter.
Gold drops 2% after IMF asset price warning
The US dollar gained ground while stock markets dipped as some of Monday’s optimism came out of the market. The IMF warned financial markets could see a ‘sharp adjustment” while Johnson & Johnson paused its vaccine trial.
