Waller's Dovish Tone Gives Stocks, Gold, and Bitcoin a Lift

Comments from Fed governor Waller have provided a boost to stocks and gold prices, as well as Bitcoin's value. According to Chris Beauchamp, Chief Market Analyst at online trading platform IG, dovish Fed speakers continue to support equities and gold by giving them a foundation to rally.

The data appears to lean towards the dovish argument, but everything still rides on tomorrow's payrolls report and next Friday's inflation readings. Equities are not out of the woods yet, as stated by Beauchamp.

Gold has recovered its losses after falling briefly below $4300 yesterday, thanks to a weaker dollar. Digital gold is also recovering, with Bitcoin back above $80,000 once more. The dollar remains in a solid downtrend, and a weak payrolls report tomorrow would certainly help it on its way.