Last Thursday the popular yellow metal Gold secured a five-year top after a dovish US Fed that presented the possibility for further rate cuts, pushing US Treasury yields and the US Dollar.
Gold futures also took some good profits, growing more than 3% to $1,394.0 per ounce while spot gold hit its 5 years top. On the same day, U.S stocks also rose inspired by the strong gains in the energy and technology sector. The S&P 500 rose 1% to 2,954.17 while Nasdaq Composite improved almost 1% to close the day at 8,051.32. The Dow Jones Industrial Average closed 249.15 points above at 26,753.16.
G-20 summit and the outcome
Weekly Report - 01/07/2019