Oil prices expected to drop post-midterms, affecting markets as bitcoin outflows persist and gold faces U.S. rate challenges
Oil prices could fall sharply following the US midterm elections, with potential implications for global markets and inflation, according to Filip Tortevski from Wealth Within.
The outlook comes as investors navigate uncertainty across several asset classes.
Bitcoin exchange traded funds continue to record outflows as institutional investors shift towards bonds and US Treasuries, reflecting a cautious approach to risk.
Gold is also facing pressure from rising US interest rates, despite continued buying from China.
Higher rates can weigh on the precious metal by increasing the appeal of interest bearing assets.
With uncertainty persisting across commodities, cryptocurrencies and traditional investments, investors are waiting for clearer market signals before making significant moves.
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