Gold has seen a prolonged decline since its August peak, establishing a series of lower highs and lower lows in the process. As treasury yields rise, gold may lose some of its remaining luster.
A slightly better mood in early trades – German DAX futures +0.5% – French CAC 40 futures +0.3% – UK FTSE futures +0.4% ForexLive This belies the overall mood in my view as European
The Canadian Dollar has recovered lost ground against its USD peer over the last few trading sessions, but the Loonie might weaken again with USD/CAD looking like it wants to head higher.
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