Countries with tough environmental policies such as carbon levies and air pollution rules are not at a big disadvantage when trading globally compared with countries that have looser regulations, a study by the OECD said on Thursday.
In the past, the financial markets would have marched more or less to the same drumbeat as copper. We show you on a chart that this no longer holds true. Instead of crashing with copper, the financial markets soared to new highs.
Looking at the daily chart in gold it still looks somewhat range-bound, failing to take out the past highs in September and August, however the silver market has taken out both those highs and closed above them technically favorable for silver.
The Comex gold futures rose 1.70% last week when the Chinese Renminbi depreciated unexpectedly on Aug. 11. This week, the gold futures rose 0.38% and ended at $1,116.60 per ounce on Tuesday. In contrast, the Dollar Index dropped 1.07% to $96.52 and the crude oil futures plunged 3.12% to $42.50 per barrel last week.