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Interest rates: US GDP justifies easing, W-Street down sharply
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Rates: trend diverges between US and EU, Powell + cautious
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Sunset Market Commentary - Action Forex
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Investment Association: Funds achieve net inflows of £1 1bn in November as monetary outlook brightens
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Gold grabbed most headlines today. The price of bullion spiked to an all-time high in illiquid Asian dealings of $2130/ounce. The spike didn’t last with gold prices falling back towards Friday’s closing levels near $2060/ounce. The move smells like an exhaustion move after the October/November core bond rally pushed gold prices up by around 15%. A quick look at the bitcoin graph (+5% today; +60% since early October; highest since April 2022) also suggests that the air is becoming thin.