The dollar recovers and sends spot gold below $2,000
The US dollar and Treasury yields continued their recovery run supported by resilient economic data and hawkish Fed speaks. The dollar index is trading higher at 102.05, and the 10-year Treasury yield rose to 3.591%. This has diluted the yellow metal’s safe-haven demand, with spot gold declining
9
to
1
,995.18 an ounce.
Later tonight, Mitrade expects the UK Claimant Count Change in March will jump to 10,200. GBP/USD then dropped 39 pips to 1.2374. EUR/USD fell 74 pips to 1.0926, and AUD/USD slid 8 pips to 0.6700. USD/CAD added 31 pips to 1.3392, and USD/JPY climbed 69 pips to 134.46.
WTI crude futures closed $1.60 lower at $80.83 a barrel. Bitcoin and Ethereum slowed to 29 ,331.0 and
2
,069.37 respectively.
The S&P 500 advanced 13 points to 4,151, and the Dow Jones Industrial Average increased 100 points to 33,987. The Nasdaq 100 rose 8 points to 13,087.
1
,995.18 an ounce. Later tonight, Mitrade expects the UK Claimant Count Change in March will jump to 10,200. GBP/USD then dropped 39 pips to 1.2374. EUR/USD fell 74 pips to 1.0926, and AUD/USD slid 8 pips to 0.6700. USD/CAD added 31 pips to 1.3392, and USD/JPY climbed 69 pips to 134.46.
WTI crude futures closed $1.60 lower at $80.83 a barrel. Bitcoin and Ethereum slowed to 29 ,331.0 and
2
,069.37 respectively. The S&P 500 advanced 13 points to 4,151, and the Dow Jones Industrial Average increased 100 points to 33,987. The Nasdaq 100 rose 8 points to 13,087.