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Investor sentiment have switched to risk-on

Carlo Alberto De Casa by Carlo Alberto De Casa
June 10, 2019
in Economy, Forex, Markets
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Gold is declining following a strong beginning of the week for the stock market, as investor sentiment seems to have switched to risk-on (at least for now)  after a trade deal has been reached between the US and Mexico and following strong export data coming from China. Moreover, the recovery of the US Dollar is adding pressure on bullion, pulling prices back below $1,330.

Photo by Annie Spratt

Tags: forexGoldStock markettrade dealUS dollar
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Carlo Alberto De Casa

Carlo Alberto De Casa

Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.

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