FXstreet.com (CÃ³rdoba) - Markets in the U.S. climbed after the holiday on Monday. The Dow Jones Industrial Average rose 0.60% and ended just below 9500. The Nasdaq rose 0.95%. Crude-oil rose and is back above $71 a barrel. Gold reached levels above $1000 an ounce.
According to the ecPulse.com analysis team: Gold prices continued to rise throughout today's session, as investors continue to seek safety amid rising uncertainties over the outlook for global economies, as the recovery is still expected to be very weak, and accordingly gold prices managed to breach the $1000 an ounce barrier for the first time in six months to set an intraday high at $1007.70 an ounce, the rise was further boosted by the weakness of the dollar which promoted gold as a safe haven for investors.
Dollar tumbled across the board.
EUR/USD jumped above 1.4500 to 1.4530 posting a fresh 2009 high. Currently the pair is attempting to get back above 1.4500 after rebounding at 1.4480.
USD/CHF plunged to 1.0430 reaching the lowest level since December 26 of 2008. The Dollar recovered then but remains below 1.0500 and still under pressure.
GBP/USD rose for the day but during the American session the Pound weakened against the Dollar, losing part of earlier gains. GBP/USD tested 1.6600 but then fell to 1.6480. Cable is far from 1.7045 which is the highest price of the year so far.
USD/JPY fell to 92.00 but during the American session the pair stopped its downside rally. A break below 91.70 could trigger further Dollar depreciation.