The Chinese Central Bank intervened in the market and injected liquidity by buying bonds. This had a positive impact on the metals market.
Also, the Federal Reserve seems more determined to cut interest rates and reports on the American economy are relatively positive; from this point of view, the weakening of the dollar index in the last week has been in favor of commodities.
On the other hand, the ounce of gold has been accompanied by conflicting news; but overall, Tahilgaran's expectations are bullish in the long term.
The oil situation was affected by the drop in Libyan supply, which led to a strengthening of prices; however, news of a ceasefire in Gaza and the weakening of the Chinese economy drove oil prices lower. Reports indicate that Iraq is planning to limit supply, while Iran has set a new record for crude exports!
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