Category: Forex

GOLD After yesterday’s sell off on European stock markets, gold is remaining steady just above $1,900. Rising figures of Covid-19 infections are increasing fears of more lockdowns with all the related consequences. In other words, the impending need for more monetary stimulus to mitigate the impact of the coronavirus-induced crisis is keeping investors’ gold appetite…

EUROPEAN SHARES European stocks drifted significantly lower at the opening bell on Thursday alongside Asian markets and US Futures, with benchmarks now heading for a third bearish trading session in a row. This sudden change in investors‘ trading stance took place after the first slew of earning reports fell short of global expectations. This is…

GOLD The greenback’s recovery has curbed gold’s rebound. In fact, gold’s decline was even steeper proportionally than the dollar’s recovery, highlighting the difficulty for bullion to climb above and even to hold onto the key level of $1,920. This area, first reached in 2011 and now for almost a decade the record high for gold,…