With inflation and inflation expectations uncomfortably high, the potential for an interest rate cut by the US Federal Reserve, and geopolitical risks rising, investors should consider gold and gold stocks, with this precious metal trading at all-time highs.
USD/ZAR is hovering near key support at 17.00 as interest rate divergence and market sentiment drive uncertainty, with a potential move to 16.00 or 18.20 depending on Fed direction.
The S&P 500 looks poised to trend higher in December, supported by dip-buying and interest rate expectations, though choppy volatility may temper the potential Santa Claus rally.
The British pound recovered from a Thursday dip against the yen, reaffirming bullish momentum driven by interest rate advantages and supportive risk sentiment.
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