The S&P 500 failed to hold onto early US session gains as market participants weighed comments from Fed Chair Powell and the possibility of escalation in the Middle East following Iraqi air base attack. Is the S&P on course for a return to the 4000 mark?
Gold has been the biggest beneficiary from the tension in the Middle East which seems to have reignited the precious metals safe-haven appeal. Where to from here?
Risk Assets continued their struggle today but did post late session recovery, as Gold prices felt the full weight of rising US Yields. Will the recovery late in the US session gain any traction?
The Precious Metal does seem to be partly supported but is likely to remain subdued as the US Dollar is expected to remain supported in Q4. Can Gold continue its slide toward the YTD low around the $1800 mark?