Gold rose to a new all-time high with spot prices reaching intraday highs of $4,164/oz in the early trading session today, following strong inflows reported in exchange-traded funds, escalating US-China trade tensions and traders’ confidence that the Federal Reserve’s rate cuts will continue, ING's
Oil prices are trading almost flat this morning, with the market focused on Friday’s Trump-Putin meeting. OPEC's expectations of increasing output to ease a supply shortfall next year further weighed on prices, ING's commodity experts Ewa Manthey and Warren Patterson note.
EUR/JPY loses ground for the fourth consecutive session, trading around 176.00 during the Asian hours on Tuesday. The currency cross loses ground as the Japanese Yen (JPY) recovers its losses from the previous session due to the possible intervention by the Japanese authorities.