Ed Moya – Market Weakness To Start May – Gold, US Markets and Fed Policy
Ed Moya, Senior Market Analyst at OANDA joins us to cover the the weakness in markets starting with precious metals continuing to sell off. Ed points tot he Fed as a key driver as now any war premium in gold has evaporated. We also discuss the general weakness in US markets where the S&P closed last week at a 52 week low and the NASDAQ is the whole way below 2021 trading levels. We wrap up with the rebound in the oil and energy sector, bifurcating from the rest of the commodity sector in the midst of strong US dollar.