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Gold in the spotlight
GOLD In the last few weeks investors have run away from the US dollar with the Dollar Index falling from 100 to 92.5. We are now seeing signs of stability with the support level at 92.5 pulling the index up to 93. This modest recovery of the greenback slowed down gold’s breakneck rally, with bullion[…]
Gold price continues to skyrocket
FOREX The Pound is trading higher versus all other major currencies during Thursday morning. With today’s gains sterling recovered all the ground lost to the dollar during March, when coronavirus related panic-selling saw the British currency sink versus the, then, safe haven greenback. The latest gains were triggered by the release of the Bank of[…]
Gold hits new record high (yet again)
FOREX The euro continues to strengthen versus the dollar during early Wednesday trading. The US is seen by many as having fallen behind Europe in its response to the health crisis and in the ability of its lawmakers to commit and deliver a much-needed economic rescue package. American assets are still well represented in many[…]