GOLD 0.51% $1,391.7 gold futures

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  1. 12,849 Posts.
    lightbulb Created with Sketch. 664
    The wow dow ? low trade volumes as easier for bubble blOWING f...ed fed to move UP = Taper hehe? not
    AS bad numbers?
    as renominated gets as what a PLAN ??? = renominate what the clustered fail???
    as what confidence? what deficit as if the deci-Tillion debt as too embarrassment not enough?
    & as no respect VIRUS omg as numbers even fed if accountable looks better? = but world baa baa =sheeple stooged by = ONe =
    = MORE sustaining able ??? = unreally

    Dollar Falls Slightly on Strength in Stocks

    The dollar index (DXY00) on Tuesday fell -0.15 (-0.02%). The dollar on Tuesday posted modest losses as a rally in stocks reduced the liquidity demand for the dollar. The dollar was also under pressure after Tuesday’s data showed the U.S. Nov Q3 current account deficit widened to a 15-year high of -$214.8 billion. Strength in T-note yields on Tuesday limited losses in the dollar.

    EUR/USD (^EURUSD) on Tuesday rose +0.0003 (+0.03%). EUR/USD on Tuesday moved slightly higher on strength in German bund yields after the 10-year bund yield rose to a 3-week high of -0.299%. Gains in the euro were limited after the Eurozone Dec consumer confidence indicator fell -1.5 to a 9-month low of -8.3. Also, German Jan GfK consumer confidence fell -5.0 to a 7-month low of -6.8, weaker than expectations of -2.7.

    USD/JPY (^USDJPY) on Tuesday rose +0.48 (+0.428%). The yen on Tuesday was under pressure the entire day from higher T-note yields after the 10-year T-note yield climbed to a 1-week high of 1.496%. USD/JPY also moved higher on reduced safe-haven demand for the yen after Japan’s Nikkei Stock Index closed up sharply by +2.08%.

    U.S. economic data on Tuesday was bearish for the dollar after the U.S. Nov Q3 current account balance was in deficit by -$214.8 billion, wider than expectations of -$205.0 billion and the biggest deficit in 15 years.

    February gold (GCG22) on Tuesday closed down -5.90 (-0.33%), and March silver (SIH22) closed up +0.238 (+1.07%). Precious metals on Tuesday settled mixed. Gold prices fell back Tuesday on a rally in stocks and strength in T-note yields after the 10-year T-note yield rose to a 1-week high. Silver prices garnered support Tuesday from a weak dollar and optimism that parts of President Biden’s economic plan can be salvaged on a report that President Biden spoke by phone to Democratic Senator Manchin.

    The dollar and gold have continued safe-haven support from the negative impact of the worldwide spread of the delta and omicron Covid variants on the global economic recovery. The 7-day average of new U.S. Covid infections rose to a 3-month high of 140,1943 on Monday, and the UK reported weekly Covid infections soared +52% to 547,606.
    https://www.barchart.com/story/news/6757140/dollar-falls-slightly-on-strength-in-stocks

 
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