In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse.
With the market's appetite shifting to rollbacks but not getting the response they want from the US, gold could move a tad higher. But technicals see the upside limited to a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse.
With the market's appetite shifting to rollbacks but not getting the response they want from the US, gold could move a tad higher. But technicals see the upside limited to a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.