Gold has unexpectedly dropped below $2,000 for the first time since May 1 as a result of significant strength in the USD. More selling in line for Gold?
The Oil price is very much in focus once again today as investors await more global data releases
This situation has overall become such a seasonal issue in headlines that no one is really pricing in a realistic probability that the largest economy in the world will actually default.
Due to the Fed’s stance to not provide a narrative on the future outlook of interest rate policy at this moment, what Gold buyers will be hoping for is data showing inflationary pressures are cooling off for the United States economy significantly.
Gold buyers have repeatedly threatened to open the doors of $2000 and finally managed to do so on Monday.
There are a couple of explanations as to why the USD can afford to ignore the US GDP slowdown – for now. Despite the data announcement on headline achieving anything but limiting prolonged concerns around a recession.
The German DAX30 is extremly oversold as the stock markets around the globe are facing a stock market crash. However, the DAX 30 price analysis is showing one important opportunity.
S&P 500 analysis. Check out what Goldman Sachs CEO David Solomon says about the index. Find out how higher interest rates affect indices.
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