Spot gold pushes against $2100
Gold has reached a high of $2099.92 just short of the $2100 level. The price has not traded this high since December 5 when the price extended up to an all-time high of $2146.79.The rise is despite a rise in yields. The USD is mixed. The EURUSD is trading to a new high (lower USD), but so is the USDJPY (higher USD). The US 10-year yield is up 4.1 basis points at 4.222%. The 2-year yield is up 5.4 basis points at 4.587% This article was written by Greg Michalowski at www.forexlive.com.
Gold has reached a high of $2099.92 just short of the $2100 level. The price has not traded this high since December 5 when the price extended up to an all-time high of $2146.79.
The rise is despite a rise in yields. The USD is mixed. The EURUSD is trading to a new high (lower USD), but so is the USDJPY (higher USD). The US 10-year yield is up 4.1 basis points at 4.222%. The 2-year yield is up 5.4 basis points at 4.587%
This article was written by Greg Michalowski at www.forexlive.com.
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