As the US Dollar slipped back, it helped push the price of gold a touch higher, but we appear to be stuck in and around these levels, with a two-way pull in play. Dollar weakening will traditionally push gold lower, but the better than expected non-farm payroll figures released on Friday give speculators less need to go searching for safe havens, instead looking for higher yielding, maybe riskier, assets.
Gold & Silver
- Fridays non-farm payroll figures showed that 36,000 jobs were lost in February, much better than analysts had expected
- Japan's current account surplus topped forecasts. Expectation was Y783.9BN, but it came in at Y899.8bn
- The IMF's Managing Director commented that the problems in Greece were unlikely to spread to other parts of Europe
Major Economic News
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