Gold

World Bank sees trade sag; US data average; Japanese machine tool orders rise on exports; worries spread for Chinese carmakers; Aussie sentiment mixed; UST 10yr at 4.47%; gold dips and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.4

World Bank sees trade sag; US data average; Japanese machine tool orders rise on exports; worries spread for Chinese carmakers; Aussie sentiment mixed; UST 10yr at 4.47%; gold dips and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.4

China-US trade talks active; US inflation expectations dip; eyes on corporate insolvencies; China deflation extends; export & import data shifting; UST 10yr at 4.49%; gold and oil firm; NZ$1 = 60.5 USc; TWI-5 = 68.4

China-US trade talks active; US inflation expectations dip; eyes on corporate insolvencies; China deflation extends; export & import data shifting; UST 10yr at 4.49%; gold and oil firm; NZ$1 = 60.5 USc; TWI-5 = 68.4

Jobs growth in the US sags, surprises in Canada; more US companies impose hiring freezes; India cuts rates more than expected; EU retail sales rise; Australia on holiday; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60.2 USc; TWI-5 = 68.2

Jobs growth in the US sags, surprises in Canada; more US companies impose hiring freezes; India cuts rates more than expected; EU retail sales rise; Australia on holiday; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60.2 USc; TWI-5 = 68.2

US labour market stays in low-growth mode; attention turns to inflation monitoring; Canadian jobs rise; Japan bond tapering causes angst; India and Russia cut; UST 10yr at 4.51%; gold down and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2

US labour market stays in low-growth mode; attention turns to inflation monitoring; Canadian jobs rise; Japan bond tapering causes angst; India and Russia cut; UST 10yr at 4.51%; gold down and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2

US data volatile and becomes unreliable; Xi and Trump talk; Canadian exports drop hard; China service sector expands; ECB cuts; freight rates jump sharply; UST 10yr at 4.39%; gold down and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.3

US data volatile and becomes unreliable; Xi and Trump talk; Canadian exports drop hard; China service sector expands; ECB cuts; freight rates jump sharply; UST 10yr at 4.39%; gold down and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.3

US data weak with the Beige Book confirming malaise; CBO costs Trump's big budget deficits; Canada holds; Japan births at record low; Aussie GDP growth slows; UST 10yr at 4.36%; gold up and oil down; NZ$1 = 60.4 USc; TWI-5 = 68.2

US data weak with the Beige Book confirming malaise; CBO costs Trump's big budget deficits; Canada holds; Japan births at record low; Aussie GDP growth slows; UST 10yr at 4.36%; gold up and oil down; NZ$1 = 60.4 USc; TWI-5 = 68.2

Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1

Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1

US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2

US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2

US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9

US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9

Trump loses tariff case; US data weakish; Japanese sentiment recovers; freight rates and demand rise; passenger travel fully recovers with April surge; UST 10yr at 4.43%; gold up and oil down; NZ$1 = 59.9 USc; TWI-5 = 68

Trump loses tariff case; US data weakish; Japanese sentiment recovers; freight rates and demand rise; passenger travel fully recovers with April surge; UST 10yr at 4.43%; gold up and oil down; NZ$1 = 59.9 USc; TWI-5 = 68

US inflation signals grab attention; Fed waiting for clarity; India factories grow modestly; EU and AU inflation signals draw attention too; UST 10yr at 4.48%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 67.9

US inflation signals grab attention; Fed waiting for clarity; India factories grow modestly; EU and AU inflation signals draw attention too; UST 10yr at 4.48%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 67.9

Wall Street roars on TACO indications on EU tariffs; US data not great' China data ok but worries about carmakers; Korean sentiment recovers; UST 10yr at 4.44%; gold and oil down; NZ$1 = 59.5 USc; TWI-5 = 67.6

Wall Street roars on TACO indications on EU tariffs; US data not great' China data ok but worries about carmakers; Korean sentiment recovers; UST 10yr at 4.44%; gold and oil down; NZ$1 = 59.5 USc; TWI-5 = 67.6

US holiday exposes weaknesses growing from tariff missteps; OECD says Canada will absorb tariff threats without recession; Singapore factory production swells; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60 USc; TWI-5 = 67.9

US holiday exposes weaknesses growing from tariff missteps; OECD says Canada will absorb tariff threats without recession; Singapore factory production swells; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60 USc; TWI-5 = 67.9

Foreign direct investment leaks away from China; Japanese inflation holds high; Taiwanese factories very busy; US on holiday amid new tariff threats; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 59.9 USc; TWI-5 = 67.8

Foreign direct investment leaks away from China; Japanese inflation holds high; Taiwanese factories very busy; US on holiday amid new tariff threats; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 59.9 USc; TWI-5 = 67.8

A gold analyst suggests when the bond-equity correlation flips from negative to positive, a larger allocation to gold is required to retain the initial level of portfolio risk

A gold analyst suggests when the bond-equity correlation flips from negative to positive, a larger allocation to gold is required to retain the initial level of portfolio risk