Bloomberg Market Wrap 7/2: Gold Prices, S&P 500 Momentum

The video discusses recent trends in the gold market, highlighting a significant rally and the breaking of key technical levels. It also examines the S&P 500's performance, noting new highs despite low momentum as indicated by the relative strength index. The analysis suggests potential implications for the dollar and a possible risk-on period.

What was the percentage increase in gold's value on its best day since October of last year?

• 1.5%

• 2.5%

• 2.1%

• 3.0%

What technical level has gold not surpassed according to the analysis?

• 1430

• 1375

• 1400

• 1360

What could a potential drop in gold's value suggest about the dollar?

• The dollar will become volatile

• The dollar could weaken

• The dollar could strengthen

• The dollar will remain stable

What is the relative strength index (RSI) value mentioned for the S&P 500?

• 70

• 66

• 65

• 67

How common is it for the S&P 500 to make new highs without high momentum?

• Uncommon

• Extremely rare

• Very common

• Not uncommon