ZFX: Euro Session Gold Review – Wandering Between Bitter and Sweet, Gold Price Ranging
Gold prices fell modestly on Tuesday, but the intraday volatility was relatively large, reflecting the theme of market conditions or the possibility of changes in sentiment. As investors concerned about the new confirmed cases of pneumonia, the phenomenon of slowing growth began to appear, to a certain extent to ease the financial market tension atmosphere. Risk appetite emerged on Tuesday, with money flowing back into the stock market, with the S.P. and Nasdaq hitting record highs for two consecutive sessions.
ZFX: Outbreak Fears Cool, Markets Remain Wary
The mood in financial markets improved further, but failed to last, mainly because investors were cautious and remained on alert. Risk appetite continued to flow into the stock market, with the S. and P.P. and Nasdaq hitting record highs for two consecutive sessions, but the Dow rose and then fell, a relatively weak trend.
ZFX: Risk aversion seems to be a trend rather than gold prices hovering high
Gold prices did not rise much, but keep an eye on the dollar's strength and remain hovering around $1,570, which is already relatively strong, meaning higher against other non-US currencies. Even as the stock market stabilised on Monday, investors remained cautious, taking in safe-haven assets at the same time, and funds did not flow out of gold and bond markets.
ZFX: The market is still upset, with strong Dollar Index and gold price
Financial markets stabilised, investor panic did not fester further, funds returned to the stock market, the S&P and Nasdaq hit record highs.
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