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Concerns over a recession in the USA combined with renewed tensions in the Middle East have resulted in Gold rising above $3000, setting a new historical high.
On Tuesday in the Asian market, spot Gold climbed above 3000 dollars per ounce, reporting at 3007.06 dollars per ounce at the time of writing. The USA retail sales fell short of expectations, casting a shadow over the economic outlook, coupled with renewed conflict in the Middle East, boosting demand for safe-haven Gold. So far this year, Gold prices have risen by more than 14%.
Trump nominated Federal Reserve Governor Bowman as Vice Chair of Supervision.
On Monday, President Trump of the USA announced the nomination of Federal Reserve Governor Michelle Bowman as Vice Chair for Supervision at the Federal Reserve.
Treasury Yields Mixed as U.S. Data Offers Relief -- Market Talk
U.S. Treasury Yields Show Limited Moves, Markets Await Fed Decision on Wednesday -- Market Talk
How to bet on inflation in Europe and the United States? UBS Group provides a 'Trade Guide'.
UBS Group has released a Global inflation Bonds Trade strategy.
Morgan Stanley: U.S. stocks may welcome a rebound in the short term, but long-term recovery needs to overcome numerous obstacles.
The Morgan Stanley strategy team pointed out last Sunday that after a significant decline since February, U.S. stocks have recently shown signs of a short-term rebound.