Gold was down on Thursday morning in Asia, with higher U.S. Treasury yields and U.S. Federal Reserve Chairman Jerome Powell’s commitment to current ultra-easy monetary policy all putting a dent in the yellow metal’s appeal.
The Dow closed at a record high Wednesday, as value sectors like energy and industrials continue to gather steam amid expectations that another round of stimulus and the ongoing vaccine roll out will spur a stronger economic recovery.
➕ Resources ➖ Financials ➖ Industrials (in ranking order)
The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide.
If there is a negative correlation between markets, it means one of the
markets’ price will go up, while the other will likely drop. When you trade
each of these assets, you might succeed in any market, by avoiding the steep
climbs and large dips expected with a single market type. In the same way,
positively correlated markets could enable you to profit from both markets if
the price moves in the direction that you speculate.
A quick reminder of what happened in the markets yesterday.