GT247.com Trading Blog

Geopolitical tensions adds uncertainty in the markets

Written by Odwa Magwentshu | 16 May 2018

Since the beginning of the week, there has been violence in the Middle East and trade negotiations with the top two Economic giants, the U.S.A and China. Yesterday, there was new developments that the U.S – North Korea summit might not happen. With all the news, the greenback went up 2.16% against the Rand and the 10 year Treasury yield rose to 3.07% and Gold went to trade below $1300.00 for the first time since 2011.

 

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