Markets are once again playing down issues like coronavirus pandemic or rising US-China tensions as earnings season shows Q2 wasn't as bad as feared. The US stock market is surging with 2 indices reaching record levels - US100 reached a new all-time high while US500 reached a fresh post-pandemic high. Moreover, gold price has climbed above $2,000 for the first time in history and has painted a fresh all-time high near the $2,030 mark amid a flood of cheap money.
Gold has surged above the 2011 peak yesterday and continued to move higher. $2,000 mark was breached for the first time in history. Source: xStation5
Daily Summary: NFP Spooks Wall Street, Oil Back Near $100
🚩 Cocoa futures down 3.5% as ICE inventories rise to 2-year high
🛢️Brent Crude Nearing $100
Chart of the Day: Wheat rebounds 3% after pulling back from multi-year highs 📈