The result of this election could create a great deal of uncertainty. In such times, you’d usually see a flight to quality. There are a couple of things that investors are worried about.
After touching its highest level in July 2016, close to 1380 dollars per ounce, Gold began to weaken and on Tuesday experienced its strongest decline in 3 years - a drop of nearly 3%.
In August, the BoE said it was prepared to provide more monetary stimulus if necessary. Yet, the Bank decided not to change anything in its monetary policy.
The FED releases its Beige Book eight times a year. Its purpose is to gather information on the economic conditions in each of the twelve areas (or “districts”) of the United States.
It was a quiet trading session for the first anniversary of China’s Black Monday on the 24th of August 2015. One year ago, concerns about the health of the Chinese economy, the second economic power behind the United States, had caused a widespread sell-off.