Last Wednesday we had a very sharp drop in stocks probably because investors extended their selling longer-dated Treasuries. While Treasuries were sold, yields most of the time move to the opposite price, and that drives up the interest rates for consumer and business loans. On the same day, the International Monetary Fund reduced its global economic growth forecasts for 2018 and 2019 and oil prices went lower.
On Thursday Gold prices dropped as strong U.S. data supported the possibilities for new U.S. interest rate hikes next year, though a softer US- Dollar can take losses.U.S. Gold futures went up 0.2% to $1,195.89 an ounce and Spot gold fell 0.2% at $1,192.59 an ounce.
We now focus on the U.S and China tensions, Brexit and Italy
Weekly Report - 15/10/2018