The barometer, which is based on a survey of 157 businesses, suggests that concern around geopolitical uncertainty has eased somewhat since the first quarter of the year.
Gold prices are struggling to find a clear direction this week, caught between rising geopolitical tensions surrounding the US-Iran relationship and renewed expectations of a more hawkish stance from the Federal Reserve.
Once geopolitical tensions begin to ease, the market's focus is likely to shift from concerns over wartime supply disruptions to the rebalancing of global supply and demand, analysts have said.
An analysis from Watcher.Guru points to a combination of geopolitical tensions and a global capital rotation away from cryptocurrencies as key factors tempering the outlook for the digital asset.
Tom Lee, Fundstrat Head of Research, and Tony Bancroft, Gabelli FundsPortfolio Manager, discussed market volatility, defense spending, semiconductor pullbacks and long term opportunities in small caps ... .