Gold powers through $3,600 as the upside breakout continues to runGold remains supported amid dovish Fed bets and weaker US dataUSD/JPY looks to close the opening gap as the session gets underwayEURUSD is threatening a breakout of the month-long rangeHow have interest rates expectations changed after the NFP report?Eurozone September Sentix investor confidence -9.2 vs -2.0 expectedGermany July trade balance €14.7 billion vs €15.3 billion expectedGermany July industrial production +1.3% vs +1.0% m/m expectedSNB chairman Schlegel: There is a high bar to negative ratesHeads up: French prime minister Bayrou set to face confidence vote laterJapan's ruling LDP party making preparations to hold leadership vote on 4 October - report
Markets:
AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields down 0.2 bps to 4.083%Gold up 0.8% to $3,615.72WTI crude oil up 1.8% to $63.05Bitcoin up 0.6% 111,799The dollar is mostly softer, only managing to hold higher against the yen among the major currencies. But that itself owes to the yen being weaker after Ishiba announced his resignation as prime minister over the weekend. USD/JPY opened with a gap higher but more or less filled that during the session in a fall from 148.00 to 147.46 before nudging back up to 147.70 levels currently. Another win for the gap traders.
The antipodes are the big gainers, with AUD/USD up 0.6% to 0.6593 and NZD/USD up 0.7% to 0.5935 on the day.
But as we saw from last week, the standout mover again to start the new week is of course gold. The precious metal is now breaking new barriers in pushing above $3,600 while silver is up 0.6% to above $41. The hot streak continues as everything is falling into place for the surge to new highs.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european markets wrap gold rally continues yen recovers opening gap down was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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