Weekly Metals Wrap

From orbex.com

The yellow metal had another bumper session this week, trading up to levels not seen since mid-2018, as the US Dollar weakened further. Despite the Fed having raised rates for a fourth time in 2018 at its last meeting in December, gold prices have since enjoyed a strong rally on expectations that the Fed will now pause its hiking program. Weaker US data for December has added further bearish pressure to USD. In the first readings for December, both consumer confidence and IHS market manufacturing printed below expectations falling to 36-month and 15-month lows respectively. The data highlights the diminished outlook ... (full story)