Source: Gold’s rally will be tamed by dollar strength, weak physical market – Reuters poll – Reuters
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Gold’s rally will be tamed by dollar strength, weak physical market – Reuters poll
Author: RemonaF62c
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Risk Appetite Soared on Strong ISM Data
Market sentiment improved across the board. Wall Street rallied with DJIA and S&P 500 indices gaining +2.11% and +2.39% respectively. Nasdaq jumped +3.15%. The VIX index, the fear gauge of the market, fell to 17.7 at close, the lowest level since December 2015. US dollar rose only against Japanese yen and euro. Commodity currencies and other emerging market currencies soared.
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Risk Appetite Soared on Strong ISM Data