Gold prices rose $2.65 an ounce on Tuesday, moving away from a six-week low struck earlier this week, as a weaker dollar and losses in equity markets boosted the appeal of the precious metal as an alternative investment.
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The EUR/USD pair initially tried to rally, breaking above the 1.12 handle. The British pound initially tried to rally during the day on Monday, but found enough resistance to turn around and drop towards the 1.27 handle.
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The WTI Crude Oil market had a volatile session on Monday, using the $42.50 level for support. The natural gas market gapped higher at the open on Monday, slamming into the $3 level.
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The US dollar rallied significantly during the day on Monday, reaching towards the 111.75 level. The Australian dollar rallied during the day on Monday, reaching towards the 0.7650 level.
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The S&P 500 rallied at the open on Monday, reaching towards the 2450 level. The NASDAQ 100 gave back quite a bit of the gains, and right now looks like we may get a little bit of a pullback.
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Get the NZD/USD Forex signal for June 27, 2017 here.
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Get the AUD/USD Forex signal for June 27, 2017 here.
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Get the USD/JPY Forex signal for June 27, 2017 here.
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Get the USD/CHF Forex signal for June 27, 2017 here.
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Get the GBP/USD Forex signal for June 27, 2017 here.
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Get the EUR/USD Forex signal for June 27, 2017 here.
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Gold prices fell $12.75 an ounce on Monday, surrendering the majority of the gains made over the past three sessions, as the dollar firmed ahead of a speech by Federal Reserve Chair Janet Yellen.
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Get the NZD/USD Forex signal for June 26, 2017 here.
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Get the AUD/USD Forex signal for June 26, 2017 here.
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