This Mornings Markets

Once again, we woke up this morning to see gold rising to a record in New York and London as concern about faster inflation and a weakening U.S. dollar.  Historically, when the U.S. Dollar falls, gold rises as an alternative investment.  Silver also touched a 31-year high.

On our home currency front, the Canadian dollar has taken a little breather after a strong few weeks.  There is no data to report out of Canada today, so we do not expect any major volatility, unless we get surprises from the US Monetary policy.

A Quick Update

Another week, another record high for gold! This morning gold jumped to an all time high based on the concern of inflation and ever weakening U.S. Dollar. The commodities market opened up this morning to a 2 year high.

Our Canadian Dollar which its strength is many times linked to increasing commodity prices is at a 3.5 year high.  Our jobs report came in slightly weak, but with all the fundamentals out of the way and the commodities market rising, the Canadian Dollar looks robust.