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Economic and fundamental developments 11-02-2022 US session

11 Feb 2022 05:01 PM
  • Fears about rising inflation and the prospect of higher interest rates in the US is weighing on global stock markets.
  • Gold is in demand due to the wider risk-off sentiment in the markets, and the move lower in the US dollar is helping the yellow metal too.
  • WTI and Brent crude are higher as the International Energy Agency commented that oil supplies are tight.   
  • The US dollar index is in the red following a very volatile session yesterday, but GBP/USD is higher.

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