The global business elite will gather for the Wold Economic Forum this week after a two-year hiatus. Wall Street is poised for more market pain is recession fears mount. Investors await a rash of economic data. Fed meeting minutes are set for release.
Wall Street has been on a wild swing this year, triggered by concerns over sky-high inflation, rising interest rates and a dull economic outlook. The sell-off accelerated recently, with the S&P 500 logging in the longest weekly losing streak since 2011 and the Dow Jones registering the first seven-week losing streak since 2001. The tech-heavy […]
Gold prices aimed lower over the past 24 hours, taking out a critical rising trendline from August. Will XAU/USD confirm the breakout, opening the door to further losses?