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Iron Ore and Gold: Two Defensive Plays Over the Next 12-18 Months Amid Tariffs Risk
Gold Edges Down Even as the Dollar Falls Off the Highest in More Than Two Years
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday as Investors Refocus on Economic Data
Gold Futures End Higher Amidst Ongoing Geopolitical Tensions
As fears around Trump rise, the trends in Emerging Markets MMF and Gold diverge.
Amid expectations of Trump possibly returning to the White House, the 30-day correlation between Gold and the MSCI Emerging Markets MMF Index has dropped to its lowest point in nearly three years. Over the past three years, these two Assets have been positively correlated 86% of the time, but now they are experiencing a 30-day negative correlation, which has occurred for only the fifth time in three years.
Oil Brief: Brent Crude Down 0.35% at US$75.66; NY Crude Down 0.3% at Near US$72.90