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.
At the start of this new trading week, spot gold has been dragged down to closer to the $1700 mark, although prices have trimmed losses at the time of writing.
The dollar has gained a small safe haven bid, the antipodean currencies are sinking, and US stock futures are in the red after Monday’s solid day of gains.
At the start of this new trading week, spot gold has been dragged down to closer to the $1700 mark, although prices have trimmed losses at the time of...
Gold
XAUUSD
Bullion
Fed rate hikes
Fed Chair Jerome Powell
Jackson Hole
inflation
Recession
US jobs report
Nonfarm Payrolls
The dollar has gained a small safe haven bid, the antipodean currencies are sinking, and US stock futures are in the red after Monday’s solid day of...
China
external trade
Recession
inflation
CPI
USDJPY
Japanese Yen
Gold
Bullion
Treasury yields