Hot spot tracking

  • The US added 162,000 non-farm payroll jobs in August, nearly three times the market expectation. The combined increase in June and July non-farm payrolls was revised upwards by 55,000, fueling expectations of a Federal Reserve interest rate hike. This news is bullish for the US dollar and bearish for the Japanese yen and the euro.
  • Trump: If the Federal Reserve does not lower interest rates, the United States will stop trading with many countries. This news is bearish for the dollar and bullish for gold.
  • France has consolidated all of its national gold reserves domestically. This news is bullish for gold.

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