Volatility could be the name of the game over the next few days due to the protests in China, speeches from Fed officials including Jerome Powell, and top-tier economic data.
Trade of the week: Gold Waits For Fresh Fundamental Spark
Gold kicked off the week on a positive note as unrest in China over Covid restrictions strained global sentiment. A growing sense of anticipation ahead of the US jobs report along with other top-tier data this week added to the overall caution, leaving investors on edge.
In a welcome development for financial markets, the annual inflation rate in the United States slowed to 7.7% in October, the lowest level since January.
If markets had learnt anything this week, it’s that the Fed has got more rate hikes in store as the US central bank battles against inflation that’s at a 40-year high.
Volatility could be the name of the game over the next few days due to the protests in China, speeches from Fed officials including Jerome Powell, and...
Markets Stocks China Federal Reserve Oil Gold EURUSD Jerome Powell
Gold kicked off the week on a positive note as unrest in China over Covid restrictions strained global sentiment. A growing sense of anticipation ahea...
Gold Federal Reserve USD Rates inflation MACD Jerome Powell
In a welcome development for financial markets, the annual inflation rate in the United States slowed to 7.7% in October, the lowest level since Janua...
inflation Stocks Federal Reserve S&P500 EURUSD Gold DXY