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Roubini’s Bearish Forecast Is Bullish For Gold 27th January 2012
Gold’s London AM fix this morning was USD 1,722.00, GBP 1,095.98, and EUR 1,310.30 per ounce. Yesterday’s AM fix was USD 1,713.00, GBP 1,091.10, and EUR 1,300.59 per ounce. In Asia this morning gold fell from its seven week high as traders took profits ahead of US Gross Domestic Product [...]
Daily update & Chart Of The Day EUR/USD 27th January 2012
A relatively light day in terms of calendar releases helped to spur on the appetite of risk as the US Dollar lost more ground yesterday following the Fed’s announcement that interest rates would remain low until late 2014. EURUSD edged up to test resistance below 1.3200 briefly, before coming back [...]
Continuing Negative Real Interest Rates Sees Gold Rise Above $1,700/oz 26th January 2012
Gold’s London AM fix this morning was USD 1,713.00, GBP 1,091.10, and EUR 1,300.59 per ounce. Yesterday’s AM fix was USD 1,659.00, GBP 1,064.08, and EUR 1,277.04 per ounce. Gold rose 2.5% yesterday and broke $1,700/oz to $1,712.80, its biggest one-day gain in the past 4 months, as the US [...]
