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Financial Breakfast on September 18: Risk aversion rebounded, the US dollar hit a new high in more than three weeks, and gold stayed above 1,750

Financial Breakfast on September 18: Risk aversion rebounded, the US dollar hit a new high in more than three weeks, and gold stayed above 1,750

As the global market turned to safe-haven on September 17, the U.S. stock market and commodities fell, and the US dollar index climbed 93.24, the highest level since August 23. Spot gold was basically stable, closing at around $1,754, but it fell for the second consecutive week. The strong retail sales data previously announced by the United States may strengthen the reason for the Fed to reduce its stimulus soon. U.S. oil fell due to the gradual recovery of oil production in the Gulf of Mexico, which was affected by the hurricane, and Russia plans to increase overseas oil sales.

2021-09-18 07:00:15
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