The markets sold off into the close Friday after Iran seized a U.K. oil freighter. They negated Thursday’s reversal on the daily chart, suggesting lower prices.
Trump warned that China talks could take a long time. The debt ceiling debate continues. All eyes are on the Fed as to the amount of the upcoming expected rate cuts. Fed Funds give a 19% chance of a half point cut in July.
Gold prices reached their highest prices since 2013, an indication that investors view the metal as a good alternative to paper money and government bonds at a time of accommodating monetary policies around the world.
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