STARTRADER Monday’s Market Update 09-10-2023

Oil and gold prices witnessed an increase at the beginning of this week due to geopolitical concerns arising from the confrontations between Israel and the Gaza Strip. Gold opened with a price gap of approximately $16.

On the other hand, futures contracts for US stocks declined due to these geopolitical risks, which entered an already fragile market suffering from inflation and rising interest rates.

Investors are awaiting several important economic data releases, including consumer price data, inflation rates, and the minutes of the Federal Open Market Committee meeting next Wednesday.