Global equities and precious metals extended the losses last week following the release of US inflation data on Wednesday. However, the markets slightly recovered from the previous week’s sell-off while the overall momentum remains bearish as investors remained cautious about the rising inflation and geopolitical tensions. Moving ahead to this week, the Investors will continue to monitor guidance and comments coming from central banks of major economies about the rising inflation. A series of inflation data from the UK, Canada, and Japan are scheduled across the week.
Check out the weekly analysis of GOLD, EURUSD, DXY and DOW JONES here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-30