How does gold fluctuate, how is oil?

Gold returns to cautious trading Following strong gains in the previous session, gold lags retreated with some caution among the stock market's positive tone and gold traders leading FOMC a few minutes later that day (18:00 GMT). Reflationary trade fed the prospects for a strong economic recovery and rising inflation in the United States. Investors believe that stronger fundamentals will force the Fed to raise interest rates faster than originally anticipated. Investors will fill in the FOMC minutes with signs of tightening monetary policy at the March meeting. The slightest hint of a more aggressive Fed could heavily impact underperforming gold and send it back to $ 1,677, a multi-month low. Gold continues to draw its signals from falling US bond yields. and not US dollars. Oil did not get $ 60.00. Oil prices started the session high on Wednesday before quickly losing gains. WTI continues to trade below the key level of $ 60.00 per barrel. On the other hand, optimism about falling crude oil stocks and the global economic outlook are stimulating demand for oil. On the other hand, the optimism surrounding the growing production concerns and discussions on the US nuclear program in Iran is diminishing. Oil prices are struggling to find their way. In order for the price to keep up with OPEC + 'anticipated production increases in the coming months, demand must recover significantly. European collective immunity schemes by the end of June could be an important factor here, but investors will want to see how this promise comes true in the coming weeks without getting too excited. For an overview of all current economic events, check out our economic calendar at Read more

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