4 Global Market Updates- 8 July, 2022

 

In this article, we have covered the highlights of global market news about the Gold Spot US Dollar, Crude oil prices, Chinese Yuan Chips, and S&P 500.

With XAU/USD Expected to Have the Worst Week in Two Months, the NFPs are now the focus of the gold price outlook.

With the price of the yellow metal down nearly 3.7 percent as the weekend approaches, gold prices are on track to have their worst week in almost two months. This week’s rise in the US dollar has been a significant factor in gold’s decline. The strength of the dollar this week seems to have been primarily caused by outside sources. The latter include Europe’s monetary policy problems and developed nations that threaten global growth projections.

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