Markets

Gold tops $2,000 for first time ever on US stimulus hopes

Spot Gold briefly touched a record high of $US2,000 an ounce on Tuesday amid a rally for the commodity. Traders piled into the so-called safe-haven asset on hopes that another US stimulus bill is in the works. An additional bill could put further liquidity into markets and weigh on rates, […]
Gold tops $2,000 for first time ever on US stimulus hopes
Markets

CHART: Commodity currencies have been ripping higher

Courtesy of Goldman Sachs’ technical analysis team comes this cracking chart that tracks the trend in major currencies against the US dollar in the past two weeks. Simply, the bottom axis tracks the gain or loss seen two weeks ago with the left axis tacking the movement seen last week. […]
CHART: Commodity currencies have been ripping higher