- Gold Nears $2,700: Gold prices have reached a new high, hovering near $2,700. Expectations of lower interest rates have fueled this increase, as a lower rate environment reduces the opportunity cost of investing in non-yielding assets. Additionally, growing demand for safe-haven assets, amid rising tensions in the Middle East, has provided further support for the precious metal.
- US Index Futures Trade Sideways: Futures on major US indices are trading sideways as investors await inflation data to be released later this week. This indicator will be key to anticipating potential shifts in monetary policy.
- Oil Prices Decline: Crude oil prices fell on Wednesday as investors reassess the impact of the recent monetary stimulus implemented by China, the world's largest oil importer. The reevaluation of the Chinese economic outlook has generated uncertainty about future crude demand.
