Gold rose to another record high price in early trade here in Asia and then kept adding higher throughout the morning. As I update its above US$3452 USD3472 (I can't keep up!). . The catalysts are familiar:
central banks buying as the reliability of the US and USD increasingly comes into questionETFs buyersgeopolitical tension increasingand mix in shorts chasing their tails after trying to nail a topNews and data flow was light.
US equity index futures traded higher. The initial upmove came ahead of an announcement from Tesla that its offering five-year zero interest financing on refreshed Model Y in China. TSLA earnings are due Tuesday afternoon, US time. There is a preview linked in the points above.
USD/JPY is net little changed on the session after a run higher to above 141.10 and a retrace back under 140.65. EUR/USD did a round-trip also, under 1.1485 before popping back to above 1.1510.
USD/CHF and GBP/USD are higher.
AUD, NZD, CAD are all not a lot changed.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap gold trades above us 3450 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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