EUR/USD
1.16369
0.341%
Gold
4508.56
1.673%
Oil
90.938
-3.406%
USD/JPY
159.848
-0.143%
GBP/USD
1.34542
0.280%
GBP/JPY
215.068
0.139%
Real-time News
Google (GOOG.O): Announced new data centers and energy investments in Gray and Roberts counties, Texas.Apple (AAPL.O): The App Store ecosystem has reached $1.4 trillion.On June 4th, the World Gold Council, in its gold market commentary report, wrote that looking ahead, the Federal Reserve may need to raise interest rates as inflationary pressures rise. We believe that when rate hikes occur, they may counterintuitively benefit gold. Historical data shows that gold has performed positively after rate hikes in over 50% of cases. The importance of the US dollar to golds price movement appears to outweigh that of interest rates. The convergence of medium-term growth and yields, along with the trend of diversification from US assets, has paved the way for a weaker dollar in the future. Other factors also support gold: the structurally lower sensitivity of gold purchases by major gold-consuming countries like China and India, as well as by global central bank gold purchases, may provide further support for gold in the future.June 4th - Initial jobless claims in the U.S. for the week ending May 30th were 225,000, higher than the expected 213,000 and the revised previous weeks 212,000, marking the highest level since the first week of February. The four-week moving average was 214,750, higher than last weeks 208,250. Continuing jobless claims were 1,777,000, slightly lower than the expected 1,780,000. The rise in initial jobless claims indicates a weakening employment situation, but it remains relatively low and stable. Continuing jobless claims declined slightly. It should be noted that continuing jobless claims data has a one-week lag, so next weeks data will correspond to this weeks initial jobless claims data. U.S. stocks traded mixed in pre-market trading, with Dow Jones futures up 1%, S&P 500 futures down 0.22%, and Nasdaq futures down more than 1%. U.S. Treasury yields fell, with the 2-year Treasury yield at 4.039%, down 4.5 basis points; the 10-year Treasury yield at 4.455%, down 3.8 basis points; and the 30-year Treasury yield at 4.960%, down 3.0 basis points.OPEC Secretary General: Investment in the oil industry should not be affected by one-off events.
