Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession Fears
Fresh data prints coming out of the US may do little to curb gold prices as the Federal Reserve appears to be on a preset course to reduce the benchmark interest rate.
Crude oil prices may find themselves oscillating between political risk in Iran and weak economic data, which might create selling pressure in the cycle-linked commodity.
The US Dollar may rise as investors’ focus shifts from the likelihood of Fed rate cuts to the reasons for them, souring sentiment and boosting demand for haven assets.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.