Tuesday, October 29, 2019

Gold has been creeping off its lows

Bitcoin has been quiet by its own standards over the last month prior to Zuckerberg’s appearance. The latest drop may spur it back to life.
Oil prices have been rising towards the back end of the week aided by a surprise inventory drawdown on Wednesday. Oil has been gradually rising since testing its summer lows. Remains vulnerable to global growth worries and further attacks in the middle east.
Gold has been creeping off its lows but is still struggling to gather any upward momentum. A softer dollar has aided the resilience in the yellow metal but it continues to linger around $1,500. Gold volatility has been relatively muted but the risk environment remains fragile.

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