💰 Gold Weakly Recovers
Gold prices increased by 1.08%, reaching $2,594.38 per ounce, driven by geopolitical tensions that pushed demand for safe-haven assets. However, the upward momentum was capped by expectations that the Federal Reserve will take a cautious approach to rate cuts. The strengthening USD has made gold more expensive for investors holding other currencies.
Strong U.S. economic and inflation data have reduced expectations of a rate cut by the Fed in December. The market is now waiting for statements from at least seven Fed officials this week for clues on the upcoming monetary policy.
📉 European Stocks Struggling
Under Trump’s administration, the U.S. economy boomed, helping the S&P 500 surge nearly 25% since the beginning of the year, continuously hitting new records. Meanwhile, European stocks have been struggling, with the Stoxx Europe 600 index showing only slight gains, hindered by concerns over economic outlook.
The gap between the S&P 500 and Stoxx Europe 600 has reached a record high, highlighting the stark contrast between the two largest financial markets in the world, even as Wall Street faced a sell-off at the end of the week.
=> Conclusion
Today’s developments show that the strength of the U.S. economy is putting significant pressure on global markets, from gold prices to European stocks. Investors should continue to closely monitor the Fed’s actions and market movements to make informed decisions.
🌐 Website: LiveTrade Pro
🗨️ Community Group: LiveTrade Chat
📩 Support Email: [email protected]
