TAG Currency

Gold Pushes Past $1300 After Trump Cancels Summit

Gold has steadied in the Friday session, after posting strong gains on Thursday. Currently, the spot price for one ounce of gold is $1306.01, up 0.09% on the day. On the release front, it’s a busy day. The focus is on durable goods reports, with expectations of mixed results. Core durable goods orders is expected to climb…

READ MORE 

DAX Rebounds on Strong German Confidence Report

The DAX is sharply higher in the Friday session, erasing the losses from the Thursday session. Currently, the DAX is at 12,996, up 1.10% on the day. On the release front, German Ifo Business Climate ticked higher to 102.2, above the estimate of 102.0 points. Later in the day, Fed Chair Jerome Powell and German Bundesbank President Jens…

READ MORE 

Gold Unsteady as Investors Await FOMC Minutes

Gold continues to hug the $1290 line in Wednesday session, where it has hovered for much of the week. Earlier in the day, gold moved close to $1300 but has since retracted. In North American trade, the spot price for one ounce of gold is $1291.20, down 0.01% on the day. New Home Sales dropped to 662…

READ MORE