The Bitcoin maker objected; Was Neft optimistic about the negotiations?
Global markets witnessed an interesting deviation today; While risk assets took an uptrend as concerns over geopolitical tensions and a slide in the dollar index eased, cryptocurrencies turned in the opposite direction and Bitcoin retreated against the prevailing market trend.
▫ In the precious metals market, the global price of gold reached the $4,100 range and silver traded around $52.5. The drop in oil prices and the reduction of inflation concerns, along with the weakening of the dollar, helped to improve the trading environment for these metals.
But what is happening in the oil market? The retreat of oil prices following the release of signals regarding the possibility of easing tensions and the progress of negotiations, reinforced the impression that the market is optimistic about the diplomatic news.
▫ This figure can change the expectations for the interest rate path of the Federal Reserve and the direction of movement of the dollar, gold and other risky assets. Will the optimism in the market last or will the inflation data undermine the equation again?
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