Gold (XAU/USD) settled the past week at two-week highs of $1930.60, having recorded the second straight weekly gain. The yellow metal tracked the rally in stocks amid a broad US dollar sell-off, induced by the increased expectations of the US policymakers agreeing on a comprehensive fiscal stimulus deal. Heading into a fresh week, gold traders
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Gold rose by more than 1% on Friday and was on course for a second straight weekly gain as the dollar weakened and renewed negotiations for U.S. stimulus prompted investors to buy bullion as a hedge against inflation. Spot gold was up 1.2% to $1,915.36 per ounce by 1135 GMT, up 0.9% this week. U.S.
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Little change observed in early trades German DAX futures flat UK FTSE futures +0.1% Spanish IBEX futures +0.1% After yesterday’s gains, the mood in Europe is more muted to start the new day. US futures may still be riding some of the stimulus high but sentiment in Europe is still looking more mixed with the
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Latest data released by INSEE – 9 October 2020 Prior +3.8% Industrial production -6.2% vs -5.7% y/y expected Prior -8.3% Manufacturing production +1.0% vs +2.4% m/m expected Prior +4.5% Manufacturing production -7.0% vs -5.5% y/y expected Prior -8.5% French factory activity is seen improving still in August, though less than estimated, but there isn’t anything
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