Gold Rally Has Lost Steam, Stocks At Record Highs

Gold futures edged lower Monday morning as U.S. stocks were poised to extend record highs.

Gold rallied early last week but lost some of its safe haven appeal as all three major indices touched new all-time highs.

Traders have overcome concerns about the Trump administration’s bold policy proposals and the possibility of trade wars. Trump will be meeting Canadian Prime Minister Justin Trudeau this morning.

Monday is bereft of first-tier U.S. economic data, but markets will be paying close attention this week for a litany of Federal Reserve speeches and a crucual reading on January inflation.

April gold was down 5 dollars at $1229.80 an ounce.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Gold Rally Has Lost Steam, Stocks At Record Highs

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*