The soybean market has lost momentum. The market hasn’t been able to trade and close above the key level of $12.00, even with all the bullish news of Chinese demand, tightening stocks, and drought conditions in Brazil.
Why has gold been trending higher over the last few days? In anticipation of a new stimulus deal before the election. Talks will resume Wednesday this week.
Why is now a good time to be trading precious metals? The short answer is the Federal Reserve and its commitment to hold benchmark interest rates near zero through 2020.
