Gold, Oil Return To Strong Gains | investing.com – Investing.com

Gold, Oil Return To Strong Gains | investing.com – Investing.com

Since the beginning of April, the dollar's continued weakening seems to be moving beyond monthly or quarterly rebalancing. US equity indices are rewriting all-time highs, and emerging market currencies are rising at an accelerated pace. These are all clear demonstrations of the recovery in demand for risky assets.   Markets are paying more attention to the recovery of activity in North America and several countries in Europe, where easing of restrictions and recovery of demand for commodities and energy are looming.WTI managed to break its upper boundaryAlthough the world's third wave of coronavirus is already comparable to the second one by new daily cases, with India, Brazil, Turkey and several other major emerging economies taking the brunt of it, it remains outside the focus of markets, pushing commodity prices higher.   And throughout this week, this demand was actively manifested in investor interest in oil and gold.   is trading at $63.77 at the start of trading in Europe. Its price since the second half of March was hovering in the range of $57-62. This week it managed to break its upper boundary. The report on US was a growth driver, noting the reduction in inventories to last