Powell Speech Fallout: Tech Stocks to Face Resistance; Gold, Silver to Rally?

📆 28/08/2023 18:10:00
📰 Investingcom

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Market Overview Analysis by Investing.com (Calogero Selvaggio) covering: XAU/USD, XAG/USD, S&P 500, Gold Futures. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com

Tech sector could face headwinds, and gold and silver could rallyLast week, everyone had their eyes fixed on what Jerome Powell would say at theMany interpreted his words that way, though the reality was a bit different. In truth, there wasn't much to anticipate as toning down concerns aboutSure, the speech was touted as a crucial event, and although it aimed to convey a forceful message, it didn't actually bring any fresh insights.

The Fed seems to have forgotten about 2020, a year when it caused higher inflation through helicopter money.

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Powell Speech Fallout: Tech Stocks to Nosedive; Gold, Silver to Rally?Market Overview Analysis by Investing.com (Calogero Selvaggio) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com
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