GOLD - World gold increased again
Last night - brightly today, the global financial market received more economic information. In particular, the US economy had new home sales in September reaching 759,000 units, higher than the forecast of 680,000 units and the previous month's level of 676,000 units. However, construction permits fell sharply from 6.8% in August to negative 4.5% in September.
A sharp decline in home construction permits indicates a future decline in home sales. Introduction that the US economy is not really stable during the recovery process.
Along with that, tensions in the Middle East also create worries among investors about the impact on the financial market, the most serious of which is the stock market. Any company in the S&P500 basketball in the US has 24% of units announcing third quarter business results, of which 78% of them have results that exceed expectations.
Information that the US economy still has many bright spots helped the USD increase sharply for the second consecutive session. The Dollar-Index - measuring the strength of the USD in the basket of 6 home currencies increased sharply by 0.27% compared to the previous session, increasing 106,560 points, at 6:25 am this morning (Hanoi).
Despite positive economic information dominating the market, investors still sell votes and switch to buying winners to avoid risks to capital flows, as well as seek profits in precious metals.
A sharp decline in home construction permits indicates a future decline in home sales. Introduction that the US economy is not really stable during the recovery process.
Along with that, tensions in the Middle East also create worries among investors about the impact on the financial market, the most serious of which is the stock market. Any company in the S&P500 basketball in the US has 24% of units announcing third quarter business results, of which 78% of them have results that exceed expectations.
Information that the US economy still has many bright spots helped the USD increase sharply for the second consecutive session. The Dollar-Index - measuring the strength of the USD in the basket of 6 home currencies increased sharply by 0.27% compared to the previous session, increasing 106,560 points, at 6:25 am this morning (Hanoi).
Despite positive economic information dominating the market, investors still sell votes and switch to buying winners to avoid risks to capital flows, as well as seek profits in precious metals.
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