What’s behind the sell-off in gold and stocks, and key indicators to watch

Both the equities markets and gold are seeing a sell-off on Monday, with a combination of a strong dollar and political factors behind the push downwards, said Phil Streible, chief market strategist at Blue Line Futures.
“The dollar index is coming up, it actually broke up to the upside. That’s going to weigh on commodities in general, so if you look at all the commodities: agricultural markets, energies, metals, they’re all under a lot of pressure so that’s one part of the equation, is the dollar coming up,” Streible said. “There’s a second part here which is kind of political…with the Republicans indicating that they’re going to go forward in nominating the Supreme Court justice, what that did was it really got the Democrats quite upset and they’re going to do whatever they can to retaliate.” (show less)

Both the equities markets and gold are seeing a sell-off on Monday, with a combination of a strong dollar and political factors behind the push downwards, said Phil Streible, chief market strategist at Blue Line Futures.
“The dollar index is coming up, it actually broke up to the upside. That’s going to weigh on commodities in general, so if you look at all the commodities: agricultural markets, energies, metals, they’re all under a lot of pressure so that’s one ... (read more)

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Denver Gold Forum 2020
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