Bullish confirmation
• Metals are rising considerably boosted by lower US yields on Friday. Gold broke above $1800 and is testing a key short-term resistance area around $1810. A firm break higher could trigger more gains.
•Economic data form the US came in above expectation with payrolls rising by 531K in October above the 425K of market consensus. The greenback rose initially but then, during the American session pulled back and reversed its course, amid a sharp decline in US bonds and as equity prices rise. The US 10-year yield fell from 1.54% to the lowest in a month at 1.45%.
•Economic data form the US came in above expectation with payrolls rising by 531K in October above the 425K of market consensus. The greenback rose initially but then, during the American session pulled back and reversed its course, amid a sharp decline in US bonds and as equity prices rise. The US 10-year yield fell from 1.54% to the lowest in a month at 1.45%.
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