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Padhraic Garvey | Source | Regional Head of Research, Americas at ING
Padhraic Garvey
Regional Head of Research, Americas at ING
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ING (https://www.ing.com/Home.htm)
Head of Research Americas -
ING (https://www.ing.com/)
Regional Head of Research, Americas
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Gold Prices Rise After a Further 3 Million Americans File for Unemployment Benefits, Trump Threatens to Terminate China Deal | Gold News
GOLD PRICES rose Thursday lunchtime while initial jobless claims showed another 3 million American filing for unemployment benefits and Donald Trump threatens to terminate phase one trade deal with China writes Atsuko Whitehouse. Spot gold gained by 0.4% to $1696 per ounce after paring a 0.8% loss recorded during the previous session as the dollar held its more than one-week peak.
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Had it not been for central bank buying, the impact would be for much higher rates. We should see curves steepen. But market rates will not be let rocket higher.
