Outlook 2022 for Gold, Oil, and Bitcoin
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Morning Markets
Good Morning. Hard to get excited so far. Dollar, Stocks, Gold and Bonds are all down small. Bitcoin is bouncing after a trouncing yesterday. PPI is today. There may be some fireworks after that.
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Guidance
Continued uncertainty over the omicron variant, renewed concerns over Chinese developers and the wait for critical central bank decisions are all weighing on sentiment. Overnight the MSCI Asia Pacific Index slipped 0.5% while Japan’s Topix index closed 0.2% lower. In Europe the Stoxx 600 Index was up 0.1% at 6:23 a.m. Eastern Time, paring earlier gains of as much as 0.6%. S&P 500 futures have also unwound an earlier gain to point to a drop at the open. The 10-year Treasury yield was at 1.424%, gold slipped and Bitcoin was at $47,500. - Bloomberg
