Gold: New Highs Before Year-End?

Global shares edged further back from record highs on Tuesday as lofty sovereign bond yields and rising global COVID-19 cases had investors questioning high equity valuations.

Europe’s was 0.6% weaker, with major indexes in , and all negative.

E-mini futures for the rose 0.2%, pointing to an equity recovery in the United States after major Wall Street indexes on Monday drew back from record highs hit list week, dragged by shares of Tesla (NASDAQ:).

The yield on benchmark Treasury note rose to 1.6227%, up from its US close of 1.599%, and at similar levels reached on Thursday, but below their March spikes. 

The latest data from the United States has pointed to a robust recovery from the pandemic. US surged to nearly a 15-year high in March, according to data released on Friday.

In currency markets, the dollar continued its recent weakness. The was down 0.1% at 90.952, having hit a low of 90.877 during Asian trading.

The was up 0.3% at $1.2065, its highest in nearly seven weeks.

The risk friendly rose as much as 0.6% against the greenback to reach a one-month high, partly due to upbeat remarks from Australian central bank.

The weak dollar helped push up commodity prices.  and both gained more than 1%, with the former at $64.04 barrel, and the latter at $67.90 barrel. Three-month London traded just shy of its highest level since August 2011. rose 0.1% to $1,769 per ounce.

Source: Reuters

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

(Visited 3 times, 1 visits today)