Gold rockets as US shut down, French Gov collapse bolsters flight to saftey |
1 Minute Market Rundown
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USD-Often, the value of the United States Dollar and the price of Gold move inversely, usually anticipating each others movements, with USD holders selling and running it all into Gold to protect from inflation and instability. |
With the US government shutdown preventing the release of any major US data points, all we really have to focus on for the moment is the French situation, leaving little places to run for the Euro. The difference in yield between French and German bonds is widening, traditionally a bearish signal for the single currency, which is continuing to soften in the early hours of this morning. |
Markets Today*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote |
Today's Economic CalendarMajor Economic Releases No major releases |