Week In Review: Growth Concerns, Taper Fears, Oil Tumbles

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It was a rough week defined by global growth jitters, Delta variant fears and Fed taper concerns.

Monday kicked off on a negative note as a combination of events gave investors the summer blues ahead of another busy week. Risk-off was the name of the game, especially after the disappointing economic data from China compounded to the dismal US consumer sentiment figures witnessed last Friday.

In the currency markets, the dollar index (DXY) found support above 92.50. Gold extended gains towards the $1792 resistance level while oil prices fell amid concerns over weaker fuel demand…. Read More:

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