Global ripple effects of Fed’s Unwinding of Stimulus Program
Just a month ago, worried about the escalating tensions between the United States and North Korea, the gold price was rising, with the depreciation of the dollar and the gradual increase in tensions, reaching the highest level in the past year at $ 1,358 an ounce.
However, Trump’s United Nations speech threatening annihilation on North Korea failed to support the gold price, as investors from the central bank notice was informed that the Fed intends to begin easing its multi-trillion dollar balance sheet in October.
So far, In addition to precious metals, commodity prices are almost purely from China’s supply and demand targets.
Recent iron ore prices have slowed and iron ore has fallen. As the smelter seems to be earlier than the expected cut-off of the November winter heating period. Aluminum appeared a new peak.