Gold and crude oil prices may fall as the IMF sounds the alarm on slowing global growth, driving haven demand for the US Dollar.
Crude oil prices may continue to fall after suffering the largest weekly drawdown in two months as the outlook for global growth – and thereby energy demand – sours.
Gold prices will seek direction cues in the response from bond yields and the US Dollar to the latest update of the IMF World Economic Outlook.
The price of Gold picked up a safe-haven bid after the IMF warned of slowing global growth and renewed tensions between the US and China