- Pesan
- 1,084
- Skor
- 266
Analyst: Peter Cruz
Market Brief
Spot gold is licking its wounds after plummeting 3% on Monday, as the haven demand for the US dollar resurfaced amid growing coronavirus risks and US fiscal deadlock. The greenback jumped to six-week highs across its main competitors on concerns over the global economic recovery, especially after localized lockdowns were announced in Key European economies.
On the data slate there’s UK BOE’s Governor Bailey Speech; UK Industrial Trends Survey; Euro-Zone ECB’s Panetta Speech; US Redbook Index; US Existing Home Sales; US Richmond Fed Manufacturing Index; Euro-Zone Consumer Confidence; US Fed’s Chair Powell Testifies; US 2-Year Note Auction and US Weekly Crude Oil Stock.
(a) Precious Metals Market
Market Brief
Spot gold is licking its wounds after plummeting 3% on Monday, as the haven demand for the US dollar resurfaced amid growing coronavirus risks and US fiscal deadlock. The greenback jumped to six-week highs across its main competitors on concerns over the global economic recovery, especially after localized lockdowns were announced in Key European economies.
On the data slate there’s UK BOE’s Governor Bailey Speech; UK Industrial Trends Survey; Euro-Zone ECB’s Panetta Speech; US Redbook Index; US Existing Home Sales; US Richmond Fed Manufacturing Index; Euro-Zone Consumer Confidence; US Fed’s Chair Powell Testifies; US 2-Year Note Auction and US Weekly Crude Oil Stock.
(a) Precious Metals Market