Gold Hits New Record Amid Geopolitical Tensions and US Election Uncertainty

Markets Relative market calm this morning was already disturbed sooner than expected by the publication of the UK labour market data. The unemployment rate remained unchanged at 4.3% and November payrolls declined a bigger than expected 35k. However, it was wage growth data catching the eye just two days before the final BoE policy meeting […]

In focus today Today, we should finally get actual numbers on China’s fiscal stimulus as the meeting in the Standing Committee of the National People’s Congress ends. In the US, the University of Michigan’s flash consumer sentiment survey is due for release. Economic and market news What happened yesterday In the US, the Fed unanimously […]

The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day. Australia releases the June employment report early on Thursday. The market estimate stands at 20 thousand, compared to 39.7 thousand in May, which was a three-month high. The labor market has been […]