Gold trades slightly below $1 930. This analysis suggests what to get prepared for.
Tag - gold
US House Speaker Pelosi said we remain at an impasse in COVID-19 aid talks; Trump admin has called on Congress to pass a stripped-down version of the relief bill.
Riskier assets and gold ended last week with huge gains due to the weak US dollar’s performance. Let’s discuss what will drive the markets today.
Saxo Bank claimed that contested election may create the strongest political risk in over a decade, and as a result, lead to the stock’s sell-off.
UK August monthly GDP comes at +2.1% vs +4.6% m/m than expected
The US dollar keeps falling for the third day in a row, whereas riskier assets are rising. Let’s discuss the main market events and analyze the charts.
US stock markets are indicated to open higher, still supported by hopes of support for the US economy after the administration’s abrupt pivot on Wednesday.
The market is relatively quiet on comments that despite the disagreements, the UK and the EU may come to a deal on time.
Citibank announced the bullish short- and medium-term forecasts for gold: $2 200 and $2 400. Jump in to know more!
Trump called off stimulus talks between Democrats and Republicans. As a result, stocks and riskier currencies dropped. However, then he reiterated, claiming to fund airlines and small businesses, which improved the market sentiment. Jump in to get fresh analysis of EUR/USD, GBP/USD, S&P 500 and gold!
Markets reversed from huge losses, caused by Trump’s tweets yesterday evening. Jump in to get some fresh analytics!
US stocks slumped after US President Trump announced that he is to walk away from COVID relief talks until after the election.