Key Highlights:
- US equities plummet from record highs as risk-off sentiment takes hold
- Flight to safety intensifies, boosting demand for the US Dollar
- Gold price rebounds off $2,400 as market anticipation builds for a significant week
- Joe Boden withdraws from presidential race, shifting focus to Federal Reserve rate cut
Market Insights:
The sudden reversal in US equities and the strengthening of the US Dollar indicate a shift in market sentiment. The gold price bounce suggests investors are seeking safe-haven assets amid uncertainty. The Federal Reserve’s upcoming rate decision is now in the spotlights.
Wishing you a profitable week ahead!