Posted 1/12/2024, 12:58:00 PM
Gold Rallies while Loonie Declines Amid Geopolitical Tensions and Inflation Concerns; Toronto Stock Exchange Reaches 21-Month High
- Gold rallies on geopolitical risks and expectations of Fed interest rate cuts
- Canada's dollar declines for 2nd week as oil rally wavers
- Slowing inflation suggests Biden policies are helping, but voters still hurting
- Bullish technicals lift Toronto Stock Exchange to highest weekly close in 21 months
- Bank of Canada faces "one of the toughest jobs in financial industry this year"