Fundamental analysis with GOLD
Updated
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Gold rose sharply on Friday as the war situation in the Middle East continued to heat up. Israel expanded its bombing of the Gaza Strip, causing local Internet and phone services in Gaza to be cut off. Gold price increased to around the 2010 price level, the highest level recorded over the past 5 months.
Next week, the market focus will continue to be influenced by war news in the Middle East, and news from the US market such as: "Interest rate decision", "Unemployment rate in October"
Although last week's news from the US market was much better than expected, due to the tense war situation in the Middle East, it still stimulated investors to find ways to accumulate assets in safe havens, including Yellow.
Gold rose sharply on Friday as the war situation in the Middle East continued to heat up. Israel expanded its bombing of the Gaza Strip, causing local Internet and phone services in Gaza to be cut off. Gold price increased to around the 2010 price level, the highest level recorded over the past 5 months.
Next week, the market focus will continue to be influenced by war news in the Middle East, and news from the US market such as: "Interest rate decision", "Unemployment rate in October"
Although last week's news from the US market was much better than expected, due to the tense war situation in the Middle East, it still stimulated investors to find ways to accumulate assets in safe havens, including Yellow.
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As for Federal Reserve Chairman Jerome Powell, he said on October 19 that the common denominator between all these moves is salaries in a country that is witnessing inflation that is “still very high.”Note
-Susan Schorman, a professor specializing in business relations at Rutgers University, said, “Workers have not enjoyed this amount of influence in decades, and certainly since the recession that America witnessed between 2008 and 2009.”
- As for Federal Reserve Chairman Jerome Powell, he said on October 19 that the common denominator between all these moves is salaries in a country that is witnessing inflation that is “still very high.”
Note
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♦️ Research firm: The US economy is facing three threats and US stocks may become more volatile
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