Gold up $46 to $2905US 10-year yields up 1.2 bps to 4.42%WTI crude oil up $1.48 to $72.48S&P 500 up 40 points to 6066AUD leads, JPY lags
Politics is dominating markets right now and that has left traders waiting for the next tweet or news report about Trump, tariffs or tax cuts. It means there are bursts of activity and trading followed by long period of consolidating and waiting. Today's US session was mostly the latter with some Trump interviews to come later ahead of his promised announcement about reciprocal tariffs on Tues/Wed.
Cable was soft late in the day as it drifted to a session low of 1.2360 late from 1.2390 in early trade. It's working is way back to the post-BOE decision lows.
All the tariff noise is helping to spark steady bids in gold, which hit a record $2911 in US trade today. It struggled to hold above $2910 on a few tries but remains within close striking distance after a $45 gain.
This article was written by Adam Button at www.forexlive.com. Read More Details
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