ForexLive Americas FX news wrap: Gold hits highest since 2011
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Forex news for North American trading on July 7, 2020:
Markets:
– Gold touched $1797, highest since 2011, up $12
– US 10-year yields down 4 bps to 0.638%
– WTI crude oil down 35-cents to $40.38
Virus numbers weren’t bad today but high frequency data, high positivity ratios and Fed commentary weighed, in particular comments from Bostic and Mester
Markets:
– Gold touched $1797, highest since 2011, up $12
– US 10-year yields down 4 bps to 0.638%
– WTI crude oil down 35-cents to $40.38
Virus numbers weren’t bad today but high frequency data, high positivity ratios and Fed commentary weighed, in particular comments from Bostic and Mester