Cable Rockets & Gold hits T1

Stuart Cowell HFM

Cable Rockets & Gold hits T1 – Cable clocked a high of 1.3370, which is a new one-year high. Gold lost some altitude following the warmer U.S. CPI outcome, better claims data, and the dollar’s initial rally, taking the contract from $1,331 highs ahead of the open, to two-week lows of $1,320.56. Prices have since bounced to $1,331,78, as USD gains faded, and as reports circulated that N. Korea may be preparing for an ICBM test launch.

Author

Stuart Cowell

HFM

With over 25 years experience working for a host of globally recognized organisations in the City of London, Stuart Cowell is a passionate advocate of keeping things simple, doing what is probable and understanding how the news, c

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