Stock Market Reaches New Highs Amidst Political and Trade Tensions
The stock market has reached a new peak, reclaiming its February high, with an analysis of how current fundamentals and technical indicators compare to those at the previous peak.
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Technicals
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Gold prices experience volatile swings amid inflation concerns and upcoming Fed announcements.
Gold prices experienced a significant drop on Friday, losing all weekly gains, due to positive economic news and hawkish Federal Reserve speak. The hawkish sentiment could quickly dissipate with more macro data. Technicals have played a big role in the gold's selloff Friday, with lots of profit-taking flooding the market. Attention will be on bank earnings next week, including Goldman Sachs and Bank of America.