Gold closed at a record high of $2330 amidst escalating Middle East tensions, positive US economic data, and hints of potential rate cuts by the Fed Chair. Geopolitical tensions and economic indicators will continue to drive market sentiment. . Hotter than expected CPI inflation and contained geopolitical tensions will weigh on the metal. Resistance is at $2360/$2400 and support at $2300/$2250/$2200. A short term correction won’t be surprising.
Investors pull out $20.3 billion from global equity funds
In a dramatic shift, global equity funds experienced a staggering exit of billions as investors reacted to rising inflation fears and escalating tensions in the