| Videos | Channels | Search |
Gold Is Punch Drunk
Gold has felt the selling pressure for weeks. Saxo Bank traders are seeing more of that this Thursday. The price has tumbled to near three year lows. Jobless figures coming later from the United States could ease that pressure if they disappoint.
Poor UK data has kept the pressure on Sterling. Year on year GDP data was revised down.
The dollar is consolidating against the Yen at around 98. The initial jobless claims from the United States could give an indication of how next week's Non Farm Payrolls may turn out which may give the next spot move for the Dollar.
01:21 minutes
Tags: bank, dollar, dollaryen, gbp, gbpusd, gdp, gold, initial jobless claims, jobs, lows, nonfarm, nonfarmpayrolls, nonfarms, pound, pressure, price, saxo, saxobank, selling, sterling, traders, tradingfloor.com, uk, us jobs, usdgbp, usjoblessfigures, yen