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The chart shows US Dollar Index, which measures the Dollar versus a basket of six other currencies. The decline has been spectacular, 7% this year, and has been cited as being a major driver behind the oil and gold rallies of late. We haven’t been at these levels since September 2008, such has been the [...]

European Session: Fed Rhetoric Continues To Stir Up Markets
Gold has once again outshone other assets classes by powering to new highs above $1153, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining [...]

Gold breached the $1,150 level to hit a new high, albeit it has fallen back in early trade. The gold weekly chart highlights the sharp rally we have seen, so now it remains to be seen whether the $1,150 level will be the high point, or will further money come in at these levels. Another [...]

Prices were little changed in trading as prices manoeuvred in and around the $80 level. The weekly inventory data showed that stocks fell, with US crude stocks fell by 900,000 barrels last week, higher than the expected 300,000 decline. Concerns over the strength of the economic rebound appear to be preying on investors’ minds.
The US [...]

US Session: Bullard Sets Base Timeline For Fed Hike At Early 2012
Gold has once again outshone other assets classes by powering to new highs above $1152, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive [...]