Stocks, Gold And Commodities Meet The Fed

Silver, Copper, and Oil

silver, copper and oil

While silver recovered intraday losses, both copper and oil surged on the Fed reaffirmations. The table is set for miners and both precious metals to move higher next. outperformance.

Summary

What a fast S&P 500 correction, how did you like it? The bulls have yet again reversed the setback in today‘s premarket session, and the slow grind higher keeps going on.

Gold and miners are likely to take a cue from the surging commodities and grow emboldened by the nominal yields retreat. Patience is still needed before the nearest resistances in both assets are taken out with conviction.

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