🏆 Gold benefits from uncertainty 🔼

Gold prices are gaining more than 0.7% today and even though the scale of the move does not seem particularly impressive, it is surely worth to watch. Markets are generally in a risk-off mood today as US stock indices plunged. The uncertainty is also reflected by plummeting US bond yields. US 10-year Treasury yield fell towards 1.25%. On the other hand, the ongoing rebound on EURUSD may be associated with the ECB’s strategy review.

GOLD continues to rebound, even though the price fell below $1,800 an ounce for a while today. The rally is supported by tumbling US bond yields (rising TNOTE price). Source: xStation5

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Daily summary: Gold surges 2%, Nasdaq drags down sentiments on Wall Street

Commodities

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