🔵Gold is trading at its highest levels in 40 years:
⬅️Gold prices have witnessed a historic rise this year and have risen by 29%.
🔷If we go back to history, gold prices may rise excessively in the short term.
🔷Tensions in the Middle East are escalating as the Zionist enemy attempted a ground incursion into Lebanon yesterday but suffered heavy losses in equipment and lives…
🔷Lebanon also struck Tel Aviv for the first time, causing material and human losses…
🔷These developments are increasing the flames of the conflict and will support gold and oil prices sooner or later..
🔷 Market expectations have risen to the possibility of cutting interest by half a point in November by 54%.
🔷This creates a state of continued pressure on the dollar to decline against many currencies.
⬅️Today, financial markets are awaiting the release of the US Manufacturing PMI and US Job Openings at 14:00 GMT
🔷This week will be very important as financial markets await the release of US employment data next Friday
🔷This data will have a major impact on the movement of global markets, and Powell had previously said that the decision on whether or not to cut interest rates would be based on this data