After the sharp sell-off yesterday, European stocks started March on a negative note and were down across the board first thing this morning while U.S. index futures had extended their falls, too.
Developments in the last 48 hours have finally given dollar bulls much-needed motivation to send the greenback higher.
The run of gains on the financial market turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washington.
It is becoming visibly clear that the growing threat of Eurosceptic parties disrupting the unification of the Eurozone has left the Euro vulnerable to steep losses in the first quarter of 2017.
Dan Collins, Editor in Chie of Modern Trader Magazine reviews the Fed fund futures and discusses how interest rates have varied.
Oil prices rose slightly on Thursday after tame U.S. jobs and economic data signaled the Federal Reserve might be less hasty to raise interest rates and as a surge in gasoline futures drove expectations for more crude demand.

Today’s AM fix was $1,157.00, €1,097.67 and £782.13 per ounce.
Friday’s AM fix was $1,156.50, €1,091.24  and £779.58 per ounce.

Forget the 2013 "taper tantrum."

U.S. strength contrasted with European uncertainty to create swinging gold prices.