STARTRADER Market Recap | 04-May-2023
Gold prices surged today to a new all-time high following a 25-basis point interest rate increase by Fed, with an indication that further rate hikes may be avoided. According to Federal Reserve Chair Jerome Powell, the central bank remains committed to combatting inflation and reducing it to the targeted 2% level.
As a result, both the stock market and oil prices saw significant drops today, with the Dow Jones index falling to $33,250 and oil prices dipping below $64 in this morning’s trading.
This material provides real-time market analysis from contributing analysts. Please note that any views expressed in this material do not constitute operational advice. It is important to assess your risk tolerance and make independent trading decisions. STARTRADER holds no responsibility for any trading consequences that may arise from relying on the views expressed in this material.
After the fluctuation we saw at the beginning of April, U.S. Equities rebounded this week,…
Gold remains supported and the US dollar under pressure as Asian exporters - particularly South…
The gold price has been grinding lower in the latest trading sessions, breaking the 30-SMA,…
Gold falls below $3,300 following a strong rally beyond $3,500 Gold prices fell sharply last…
U.S. Stock Markets drop in early trading. Investors brace for earnings data Stock futures fell…
U.S. Stocks rise for the third consecutive day Nasdaq broke two crucial resistance levels in…
This website uses cookies.