ORBEX: Gold, Oil: Affected by Trump, BoJo, Powell!

In today's #marketinsights video recording I analyse #wti #oil and #gold

Gold and Oil affected by (what moves gold up, weakens oil):
- Tradewar tensions after Trump imposed visa restrictions to Chinese officials
- A worsening growth outlook for global economies
- Potential early election in the UK as hopes of Oct resolution fade away
- Fed's short-term bond purchase expansion to credit banks (not QE)

Oil also affected by:
- Poor API but was offset by Equador disruptions
- Tradewar anxiety ahead f Thursday talk resumption

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice