European equity close: Weak trading on Friday erases the weekly gain

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Hawkish Fed pushes Gold further down, XAU/USD testing towards $1,930

Share: Spot Gold prices are seeing further downside on Friday as investors pivot on Fed remarks. Fed looking more hawkish than market participants believed last week. US Dollar, US Treasury yields seeing gains for the week, Gold swoons. XAU/USD prices are testing towards the downside on Friday, edging towards $1,930 after yesterday’s hawkish

Better Volume New Alerts MT4 Indicator

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Fed's Daly: Policy is in a very good place

Policy is in a very good place Risk of over tighten and under tightening are balanced News on inflation has been fairly good It is far too early to declare a victory Not ready to say what that next move will be. Policy is significantly restrictive Not sure policy restrictive enough at current settings Need

Nasdaq breaks the October high as the rally nears 2%

Nasdaq daily The Nasdaq has extended gains to 1.7% and broken the October high in the process. The rally is particularly impressive given that Treasury yields are in the process of reversing higher. US 2-year yields are at the highs of the day up 3.2 bps to 5.05% after falling as low as 4.97% earlier.