World Market News of the 5 December with FXOpen #goldprice #nasdaq100 #dowjones #sp500

GOLD FALLS FROM RECORD HIGH BY $100 IN 1 DAY The record high of about USD 2,130 an ounce was set just after the weekend in low-liquid Asian markets. By the nature of the movement, it looked more like a cascading triggering of sellers’ stop losses, rather than finding a stable balance between supply and demand, since after the candle with a long upper tail, the quote began to fall. During the European session it fell to 2,060, and during the American session it fell to 2,030. So in less than a day, the price of gold fell about USD 100, making Monday’s close further from the record top than Friday’s close. Source: FXOpen AUSTRALIA’S CENTRAL BANK HOLDS RATES STEADY UNTIL AT LEAST FEBRUARY Australia’s central bank held interest rates steady on Tuesday as expected, buying it more time to assess the state of the economy and decide whether to tighten further next year even as the U.S. and Europe are seen as almost certain to ease. Wrapping up its December policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of %, adding economic data received since November - when it hiked by a quarter-point - had been broadly in line with expectations. Source: Reuters WALL STREET CATCHES A BREATH US stocks markets slipped Monday, with investors questioning if markets climbed too fast, too soon following five straight weeks of gains. The Dow Jones Industrial Average inched % at close. The S&P 500 dropped % and the Nasdaq Composite slipped % amid a Big Tech shares selloff. Asia-Pacific markets fell across the board, with Japan’s Nikkei 225 down 1.4% and South Korea’s Kospi off by 0.7%. Source: CNBC 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.