Gold Futures Market News and Commentary
The dollar index (DXY00) on Friday fell -0.082 (-0.09%). The dollar on Friday posted modest losses and was under pressure from a decline in T-note yields. Losses in the dollar were limited after a slump in equity markets boosted the liquidity demand for the dollar.
EUR/USD (^EURUSD) on Friday rose +0.0030 (+0.27%). EUR/USD on Friday recovered from a 1-week low and moved moderately higher on dollar weakness. The euro also moved higher after Friday’s data showed Eurozone Jan consumer confidence fell -0.1 to -8.5, stronger than expectations of -9.0. EUR/USD Friday initially fell to a 1-week low in overnight trade on rising geopolitical concerns in eastern Europe on a report that said the U.S. is allowing some Baltic states to send U.S.-made weapons to Ukraine.
USD/JPY (^USDJPY) on Friday fell -0.46 (-0.40%). USD/JPY on Friday fell moderately as a sell-off in global equity markets boosted the safe-haven demand for the yen. Also, lower T-note yields Friday supported th... Read more