Ed Moya - OPEC Cut Driving Oil To $80+, Gold Over $2,000, Weak ISM Data

Ed Moya, Senior Market Analyst at OANDA joins us on a busy Monday to kick of Q2 2023 for markets.

 

OPEC cut production by around 1million barrels/day ahead of the meetings which is driving oil prices much higher - crude is over $80/barrel. Gold is off to a good start for Q2, now over $2,000/oz. This move could be supported by the weaker ISM data out of the US which is also leading to bonds moving higher, driving yields lower. We cover it all in today's interview.