Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex Today: Gold Closes at Another 8-Year High

Absence of data leads to drift in markets

  • Gold closed at an 8-year high price yesterday, and looks likely to rise higher still this week.
  • Stock markets have been mixed over the past day, mostly selling off, with the Japanese Nikkei 225 Index down this session by 0.65%.
  • Forex markets have seen a drift away from clear sentiment, with the British Pound strong, while the Australian Dollar is currently the weakest currency.
  • Friday saw the highest number yet of daily total new coronavirus confirmed cases globally at 210,467. Yesterday’s number was close to this, showing the disease is still spreading exponentially.
  • Some countries that initially appeared to successfully suppress the coronavirus, such as Australia and Israel, are re-imposing closure restrictions, while a partial lockdown has also implemented in Spain.
  • Coronavirus deaths in Latin America and the Caribbean are 50% of the global daily total, well exceeding those in both the U.S.A. (10%) and Europe (approx. 9%) which shows that the epicenter of the pandemic is well established in Latin America.

  • Total confirmed new coronavirus cases stand at over 11.7 million with an average case fatality rate of 4.61%.
  • The number of new coronavirus cases is rising strongly in India, which has now overtaken Russia to stand at third place globally with over 719,00 confirmed cases.
  • Brazil continues to see more daily deaths from coronavirus than any other country in the world. The Brazilian President Jair Bolsonaro has tested positive for the virus but says he feels OK.
  • The rate of new coronavirus infections appears to be now increasing most quickly in the United States, Albania, Algeria, Argentina, Australia, Bolivia, Bosnia, Colombia, Costa Rica, Croatia, the Dominican Republic, Guatemala, Honduras, India, Indonesia, Iraq, Israel, Japan, Kenya, Mexico, Montenegro, Morocco, Oman, Panama, the Philippines, Romania, Saudi Arabia, Serbia, South Africa, the U.A.E., Uzbekistan, and Venezuela.  
Adam Lemon
About Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

 

Most Visited Forex Broker Reviews