Breakfast Bites - Gold spikes!

Yields and Dollar inch higher; China sees higher level of default; India soars; Fitch upgrades Greece

Author

Ayesha Tariq
December 04, 2023

Rise and shine everyone.

It’s a quiet Monday with not a lot in terms of economic data releases. We have a big week of unemployment data ahead of us for the US, starting with the JOLTS tomorrow.

After a strong close on Friday last week, US equity futures are trading lower this morning, with yields and the US Dollar trading higher.

Gold hit a record high after hitting $2152/oz earlier in the day, but has since pulled back to 2090. Oil is trading lower and price action continues to look bearish here. Bitcoin is soaring, crossing $41,500.

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