Gold hit the 1-week high amid rising fears of geopolitical tensions.Besides gold, other safe havens are also rising in tandem:
This comes on the back of new policies introduced by the US and Russia:
If the ongoing conflict escalates further, then the above-listed safe havens could rise even further
This could come at the expense of the risker assets such as stock indices (e.g. US500, NAS100, US30).Investors are also focusing on speeches by several Fed officials scheduled for this week, hoping to gain insight into the foreseeable interest rate policy.
As of this writing (source: CME FedWatch Tool), the markets are pricing in a 61.6% probability of a 0.25% rate cut next December (38.4% for no change).What might be worth keeping an eye on?
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