Geopolitical tensions are very much on the minds of every trader, and the sentiment among traders and investors continues to remain cautious. Israil has vowed to retaliate, but the exact timing of that and the extent of retaliation are very much known. Some investors and traders do believe that the fact that the Israeli government hasn’t responded since the Saturday attack may no longer be on the cards.
In terms of economic events, traders will be watching Jerome Powell’s speech, who is expected to deliver his remarks around 06:15 PM GMT time. The Fed already has a clear picture of two things: the US inflation reading and the US labour market.
The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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