27 August 2024
Gold and oil prices stabilized on Tuesday after recent surges, as investors balanced geopolitical risks with upcoming U.S. economic data and corporate earnings. Markets remained largely flat globally, with gold near record highs on expectations of U.S. rate cuts and Middle East tensions. Oil’s rally paused after sharp gains driven by conflict concerns. Investors are now focused on upcoming inflation data and Nvidia’s earnings for further direction on Fed policy and market sentiment.