Gold Prices Slip as Strong Dollar Keeps Pressure On
Gold prices dipped a bit during Friday’s Asian session. It’s having a hard time building on yesterday’s bounce from around $4,400. The reason? The US dollar looks strong—it’s hanging out near a one-month high, and a stronger dollar usually drags gold down, since gold doesn’t pay interest. Still, gold isn’t seeing a big wave of […]
GBP/USD Pair Stalls Below Short-Term Resistance
The GBP/USD pair is trading below 1.3430 in the Asian session, hunched over during a quiet period. The pair had been feeling a bit blue for four days. When the price gets near resistance, buyers begin looking very worried. There hasn’t been very much downward movement, but there has not been much upward movement, either, and undeniably, the […]
Japanese Yen Keeps Sliding Even as Spending Bounces Back
The Japenes Yen has been declining for the fourth day in a row and is still stuck close to its lows against the dollar. You’d think stronger household spending would help, but even a solid rebound in November didn’t turn things around. People in Japan are spending more, sure, but inflation keeps racing ahead of […]