US stock markets rise, gold price rises – A financial expert analyzes the current market movement
Despite the Fed's monetary policy, which is due to be relaxed next year, the US stock market indices continue to rise in the premarket. This means that the markets are facing a possible continuation of the stock rally at the end of the week. Gold prices also rose, driven by a weakening dollar and a fall in U.S. Treasury yields. Crude oil prices are also on the rise due to increased demand and a weaker US dollar. In addition, Costco was able to present better figures than experts expected, not least because of the cheap food and everyday goods. According to a report from de.investing.com, US stock markets continue to rise as the seventh...

US stock markets rise, gold price rises – A financial expert analyzes the current market movement
Despite the Fed's monetary policy, which is due to be relaxed next year, the US stock market indices continue to rise in the premarket. This means that the markets are facing a possible continuation of the stock rally at the end of the week. Gold prices also rose, driven by a weakening dollar and a fall in U.S. Treasury yields. Crude oil prices are also on the rise due to increased demand and a weaker US dollar. In addition, Costco was able to present better figures than experts expected, not least because of the cheap food and everyday goods.
According to a report by de.investing.com, US stock markets continue to rise as they look set for a seventh straight week of gains, helped by the Fed's monetary easing. The DAX and the S&P 500 show positive signals that indicate a possible continuation of the stock rally. The prospect of lower interest rates has a direct impact on the gold market as it reduces the opportunity cost of the precious metal. Gold prices recovered from previous losses this week and market participants expect at least three interest rate cuts next year. The positive development of the oil markets is reflected in increased optimism regarding demand growth in the coming year. Shares of wholesaler Costco Wholesale rose sharply in premarket trading on the New York Stock Exchange as the company reported strong quarterly results.
The prospect of continued interest rate cuts and a possible devaluation of the dollar could encourage investors to invest more in stocks and commodities. Rising demand for gold, oil and stocks could therefore lead to further price increases and general upward momentum in the relevant markets.
Read the source article at de.investing.com