📉 Gold, indices tank on FOMC 📉

7:58 AM 20 August 2020

Less dovish than expected FOMC minutes triggered a major repricing on the global financial markets. Stock markets pulled back along with precious metals. S&P 500 pulled back from record highs and dropped below 3,350 pts while gold slipped below $1,950. Bulls try to recover in early European trade but scale of rebound has been limited so far. ECB will release minutes from its latest meeting today at 12:30 pm BST.

US500 dropped below 3,350 pts following a disappoint FOMC minutes release. The index tries to recover in the European morning trade. Source: xStation5

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