Ahead of today's raft of economic data, the price of gold remained strong, having traded over the $1140 level during the session, and hitting seven week highs. Markets will be eyeing the rhetoric from Jean Claude Trichet with regards to the state of the Eurozone, and will be running the rule over US economic data such as weekly jobless claims, factory orders and pending home sales.
Gold & Silver
- Eurozone GDP rose by 0.1% in Q4 2009, in line with expectations
- Analysts generally anticipate that UK Interest Rates will be left unchanged at 0.5%
- The Australian trade deficit narrowed to -AUD$1.2bn in overnight data
- Please note that non farm payroll figures are scheduled for release tomorrow
Major Economic News
ECB INTEREST RATE DECISION