Mar 18, 2013
Commodities Brief: Gold rallies above $1.6k on risk-off Cyprus news
News coming from the EU this weekend, set aside political uncertainty in Italy, have driven markets into another stage of risk-off mode, as new deal on Cyprus bail-out bites on bank depositors as a way to avoid default, which has sparkled a massive fly to USD safety, including US 10 year bonds. EUR/USD fell from 1.0375 to lowest in 3 months at 1.2887, Oil is last around $92 mark from previous $93.20, and Gold broke to fresh 3-week highs at $1608, just to give back almost all gains, last at $1595.
Devamını oku
Previous