SLIGHT REBOUND IN THE MARKET

  • Gold gained in price after expectations that Fed will do more to encourage growth, increasing demand for gold as inflation-hedge. Silver also rose due to the same reason.
  • The euro to dollar is continuing its bearish trend due to the renewed possibility of Greece for asking for a third bailout. Cyprus is also expected to join in the mess as its banking sector is in turmoil these days.
  • Crude oil prices rose slightly by hopes that the Fed will do more to stimulate the employment market. Oil supplies are also falling as refineries increased output.

 

Author: Jawwad Farid