STARTRADER Monday's Market Update 16-10-2023
Investors have been closely tracking geopolitical developments in the Middle East, and these developments have exerted a great influence on the escalation of prices for safe-haven assets, notably pushing gold back into trading above $1915 per ounce.
Furthermore, oil prices and the energy markets encountered a notable shift, with a roughly 6% surge just this past Friday, constituting the most substantial daily percentage increase since April.
The financial markets are now eagerly anticipating the forthcoming remarks from Federal Reserve Chairman Powell scheduled for this week as they seek to gain insight into the Federal Reserve’s future strategies and its approach to interest rates in the upcoming period.
Gold prices continue to break new highs as fear in the markets grow and demand…
U.S. Stocks recover in early trading following yesterday’s sharp declines Stock futures rose in early…
Gold has soared to a fresh high over the impact of the trade war between…
EUR/USD is climbing again after bouncing off 1.1270 over the 30-SMA, confirming it as support.…
China warns of retaliation against countries cooperating with U.S. trade measures that affect Chinese interests,…
Gold is less than $15 from the $3,400 level Gold continues to break new levels…
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