• English

Daily Report

September 4th 2017: Gold Hits 12 Month High On North Korea Fears

Morning Report: 07.00 London

This morning, risk-haven assets are in demand after North Korea’s apparent nuclear bomb tests. Gold has reached its highest levels since September 2016, with Silver hitting the highs as well.

On currency markets, the yen is demands as the yen pairs gap lower. The biggest moves are seen on the USD/JPY, with significant losses also seen on the AUD/JPY.

Dollar pairs are mixed, with the euro firmly in positively territory, while the AUD/USD slips lower on regional tensions.

The EUR/GBP is reversing course and making gains for the first time in three sessions.

Coming up today

It is a North American bank holiday in observance of Labor Day.

This morning, we have UK construction PMI.

Trade Idea

Judging by recent rhetoric, the North Korea situation could get worse before it gets better.

September 4th 2017: Gold Hits 12 Month High On North Korea Fears

This could mean gold prices could rise higher still. A good way to play this is a HIGHER trade on gold predicting that the precious metal closes above $1350 in 21 days for a potential return of 164%

September 4th 2017: Gold Hits 12 Month High On North Korea Fears