Gold (XAU/USD) Within Touching Distance of a New All-Time High
The precious metal is within $30 of making a new all-time high as buyers continue to dominate price action. US data out later may fuel the next leg higher.
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The precious metal is within $30 of making a new all-time high as buyers continue to dominate price action. US data out later may fuel the next leg higher.
Dollar holds near multi-month high on US growth bets Reuters TOKYO | Updated on × The dollar held near a multi-month high against other major currencies on Thursday as investors bet fiscal stimulus and aggressive vaccinations will help the United States grow faster than other economies. The dollar's index against a basket of six major currencies hit a five-month high of 93.439 on Wednesday and last stood at 93.209. The gains came as the euro, by far the biggest component in the index, suffers from concerns the euro zone's economic recovery is being hampered by a third wave of Covid-19infect...
ECB Elevates Currency War Risks, Retail Traders Claim Short Squeeze Victory - US Market Open 2021-01-27 14:35:00 Justin McQueen, Analyst AUD Fails to Find Support From Firmer Inflation QUICK TAKE: ECB Elevating Currency War Risks, Retail Traders Claim Short Squeeze Victory Equities: In recent weeks and particularly this week, market exuberance stemming from the retail side has been garnering attention, raising concerns of elevated bubble risks.The PBoC have also grown concerned over asset bubbles with the central banks adviso...