Gold Is Surging

The knee-jerk market reaction to today's unexpected contraction in fourth-quarter U.S. GDP was selling. Risk assets dropped immediately on the release, and gold, Treasuries, and the U.S. dollar spiked higher.

Now, risk assets are recovering their losses, and bonds and dollars are going back down.

Gold, however, keeps going higher. It topped out at $1682 and is trading just above $1680 right now. It was trading around $1665 before the GDP announcement at 8:30 AM.

Now, it's up 1.1 percent on the day after struggling in the past few sessions (click to enlarge):

Click here for details of this morning's GDP release >



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2527-0.0002-0.01%
    USDSGD=X
    1.73060.000.00%
    EURSGD=X
    2.1022-0.0019-0.09%
    GBPSGD=X
    81.7604+0.0276+0.03%
    SGDJPY=X
    6.1901+0.0007+0.01%
    SGDHKD=X
    2.5849+0.0004+0.01%
    SGDMYR=X
    9,116.6396-34.5791-0.38%
    SGDIDR=X
    4.9690+0.0049+0.10%
    SGDCNY=X
    1.1688+0.0003+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.60-8.90-0.68%
    GCM14.CMX
    19.67+0.01+0.05%
    SIN14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI