Both the equities markets and gold are seeing a sell-off on Monday, with a combination of a strong buck and political elements behind the press downwards, claimed Phil Streible, primary market strategist at Blue Line Futures.
" The dollar index is coming up, it actually separated to the advantage. That's mosting likely to evaluate on commodities as a whole, so if you check out all the assets: farming markets, powers, metals, they're all under a great deal of stress so that's one part of the equation, is the dollar coming up," Streible claimed. "There's a 2nd part right here which is kind of political … with the Republicans showing that they're mosting likely to move forward in choosing the High court justice, what that did was it actually obtained the Democrats quite dismayed and they're mosting likely to do whatever they can to strike back."
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