Source: PRECIOUS-Gold firm above $1,700 level on worries over new wave of infections – Reuters
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Gold firm above $1,700 level on worries over new wave of infections
Author: TerenceHuonDeKer
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Hawkish ECB Signaled Change in Guidance This Year
Major currencies generally firmed against US dollar but euro was the best performer. The single currency was lifted as the ECB minutes for the December meeting came in more hawkish than expected. Long-dated US Treasury yields eased as core PPI surprised to the downside and speculations over Chinese purchases proved short-lived. in the commodity sector, crude oil prices have strengthened for four days in a row…
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Hawkish ECB Signaled Change in Guidance This Year -
ECB Officials Downplayed Recent Hawkish Comments
Financial markets were slightly risk off with US on holiday. European shares eased on profit-taking, with the exception of Italian financial shares which soared after Monte dei Paschi Siena was reported to have received approval from the European Commission to proceed with a state bailout.
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ECB Officials Downplayed Recent Hawkish Comments