Gold Breaks to 9 Year High as Nasdaq and Shanghai Composite Hit New Highs

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Gold, Nasdaq, Shanghai Composite Talking Points:

• Chinese capital markets regained traction this past session to push the Shanghai Composite back into its aggressive climb while USDCNH has slipped below 7.0000
• Recession concerns around COVID’s spread are regaining traction, but trade wars may be a more pressing concern if reports of USDHKD pressure pan out
• Gold is has resolved its technical pressure build up with a bullish clearance of 1,800 – what does this market’s advance say about the financial system?

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