Latest Brexit Vote Cancelled
U.K. Prime Minister Theresa May has cancelled a key vote on Brexit plans as the legislation was headed for almost certain defeat. Parliament had been scheduled to vote on Tuesday on an agreement Ms. May had reached with the bloc over how it would exit the European Union.
U.S. Mint Bullion Sales Figures for the Month of November
A key metric of current supply/demand dynamics can be found regularly by examining recent sales data. Of note is recent sales data from one of the largest suppliers of bullion products in the world: The U.S. Mint.
Inverted Yield Curve an Ominous Sign
Any way you slice it, the treasury markets are throwing up a flashing warning sign about the economic outlook going forward. The U.S. Government treasury market is on the verge of a yield-curve inversion in which short-term rates rise above long-term rates. Recent price action has also been particularly concerning and could point to trouble ahead.
Price of Palladium Tops Gold for First Time in 16 Years
The palladium market hit another record settlement on Wednesday as the metal exchanged hands for $1241 per-ounce. Price action is once again particularly strong, with the market rising by 1.31%. Today’s rally in palladium has propelled it to a higher price than gold for the first time in 16 years.
Gold Price Hits 5-Week High
Gold prices have moved up today to hit a 5-week high as the dollar weakens and technical buyers jump into the market. Recent bullish momentum has drawn buying interest from technical traders, while also likely forcing some shorts to cover.
Gold Pops as U.S./China Trade Tensions Ease
The gold market is solidly higher in early action as hope has been rekindled for a significant deal on trade between the U.S. and China. Over the weekend, U.S. President Trump and Chinese President Xi Jinping agreed to hold off on further tariffs due to be initiated on January 1st, 2019.
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