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Analysts: A sudden breakthrough or collapse in trade negotiations could quickly change market sentiment.
GoldenOctober2024
On July 12, Jin10 reported that SPI Asset Management managing partner Stephen Innes stated that supported by ongoing geopolitical risks, Malaysian exchange derivation gold futures are expected to rise within a stable range of $3300 - $3350 next week. He noted that despite the rising US Treasury yields and a stronger dollar, gold prices remain firm, indicating that geopolitical risk premiums are once again affecting market sentiment. “A sudden breakthrough or collapse in trade negotiations, especially with the EU, could quickly change market sentiment.”
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