Forex News: 08/12/2022 – Gold gets its shine back, stocks drift lower amid flight to safety

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Sharp decline in US yields saps the dollar, breathes new life into gold. Oil hits new lows as recession worries mount, despite China reopening. Canadian Dollar cannot capitalize on surprisingly large rate hike.

0:00 Intro
0:19 Risk Sentiment
0:59 Gold
1:27 Oil
1:42 Stocks
2:22 BoC and Loonie
2:45 China Restrictions
3:00 Events Ahead

For more information on the topics discussed in this video, including detailed charts and tables, read the full Daily Market Comment article:

https://www.xm.com/research/analysis/marketComment/xm/daily-market-comment-gold-gets-its-shine-back-stocks-drift-lower-amid-flight-to-safety-171033

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