Gold holds above key support, and the tug-of-war continues

Gold holds above key support, and the tug-of-war continues

From kitco.com

Whether you describe the underlying cause of recent changes in financial assets as a tug-of-war, double-edged sword, or battle of opposing forces, inflation versus rising rates continues to cause market sentiment to oscillate. Depending on if inflation or rates are the primary focal points of market participants. That sentiment results in bullish or bearish currents for gold and the dollar as safe-haven assets. chart Today, gold traded to a high of $1850.30 a low of $1824.50 and as of 5:55 PM, EDT had a fractional uptick. Gold futures had a trading range of approximately $25 but only managed to gain $0.90 on the ... (full story)

- Older Stories
Xi offers answers to questions of the times at BRICS forum
From globaltimes.cn|Jun 23, 2022|1 comment
Chinese President Xi Jinping on Wednesday offered his answers to the questions of the times at a keynote speech in virtual format at the opening ceremony of the BRICS Business ...
Putin, Xi lash out over sanctions against Russia in video message
From www3.nhk.or.jp|Jun 23, 2022
video The leaders of Russia and China have condemned sanctions imposed against Russia in separate video messages released at the opening of a virtual forum of five emerging ...
G7 Media Ministers Meeting Communiqué
From state.gov|Jun 22, 2022
We, the Media Ministers of the G7, met in Bonn on 19 June 2022 to work more closely together on issues regarding our media policies and their role in strengthening democracy – a ...

- Newer Stories
Public sector finances, UK: May 2022
From ons.gov.uk|Jun 23, 2022
Public sector net borrowing excluding public sector banks (PSNB ex) was £14.0 billion in May 2022, the third-highest May borrowing since monthly records began in 1993; this was ...
G-7, NATO leaders to highlight China challenge, pressure Russia: U.S.
From english.kyodonews.net|Jun 23, 2022
The Group of Seven industrialized nations are expected to step up efforts to address China's "coercive economic practices" when their leaders meet in Germany later in June, while ...
French growth slumps to weakest since peak Omicron disruption at start of 2022
From pmi.spglobal.com|Jun 23, 2022|1 comment
The French economy endured a marked slowdown in growth at the end of the second quarter, with private sector business output rising at the slowest rate since the wave of ...