Gold is shining brighter among commodities on second day of Chinese devaluation of Yuan, weaken dollar. Investors feared that slowdown in China will have considerable impact on FED's policy decision on rate hikes and might push any such decision further into the future.
- Gold has cleared above $1120 key resistance area today, capitalizing dollar's weakness. Gold might trade as high as $1150/troy ounce going ahead. Gold has long been due the correction, since bears were unable to push below $1070 area. Gold is trading around $1121/ troy ounce.
- FXCM US Dollar index has broken below its recent range, suggesting further rout in Dollar as possible. The index, which is value of dollar, against basket of currencies is currently trading at 11970, blow its range of 12060-11980.
The gain is being led by Franc (+1.8%), followed by Euro (+1.26%), and Yen (+0.9%). Pound is clearly lagging with only +0.28% gains.


Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout
Is dark chocolate healthier than milk chocolate? 2 dietitians explain
The four types of dementia most people don’t know exist
Makemation: a Nollywood movie that shows AI in action in Africa
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain
God on their side: how the US, Israel and Iran are all using religion to garner support
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds
US-Iran Ceasefire Talks Underway: What You Need to Know
What does China’s host bid mean for the High Seas Treaty? 



