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Gold prices slide for the day and week as bullish momentum peters out
Author: RonnieAckermann
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Gold prices slide for the day and week as bullish momentum peters out
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US Tax Reform; Downside Surprise in Chinese Data; BOE
US dollar strengthened across the board on rekindled hopes of tax reform. The greenback rose across the major currencies, sending the DXY index +0.7% higher at close. The greenback was in particular strong against commodity currencies, after falling strongly over the past weeks.
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US Tax Reform; Downside Surprise in Chinese Data; BOE -
Weekly Fundamentals – Palladium Declines amidst Ceasefire in Ukraine
The Ukraine crisis, which has sent palladium to multiyear-high due to supply concerns, has shown initial signs of ending as Ukraine and pro-Russia rebels signed ceasefire deal. While firing has been stopped the rebels affirmed that the truce had not changed their policy of advocating splitting from Ukraine.
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Weekly Fundamentals – Palladium Declines amidst Ceasefire in Ukraine