Gold finally breaks above $2000 before surrendering advance
They say that at first if you do not succeed, you must keep on trying and that has very much been the story of Gold buyers who have repeatedly threatened to open the doors of $2000 and finally managed to do so on Monday.
Focus will then quickly turn towards when Fed officials will begin preparing the market for potential decreases to the US interest rate. This is the signal that Gold investors will most likely want to hear for the precious metal to maintain a more prolonged stay above $2000.It is very much correct for market participants to ask questions regarding why global markets have not fallen further amid what has become a rising number of banks collapsing this year.
There is also an element that for Wall Street specifically, the technology sector now contributes to such an extensive market cap that it has an increased influence over the performance of global markets. Due to the earnings updates from technology giants suggesting that they are faring reasonably well despite global economic challenges, financial markets have so far been able to withstand the banking pressures.If the ongoing signs of distress within the U.S.
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