Yep, the yellow metal is at it again: "TOKYO, July 24 (Reuters) - Gold topped $360 an ounce for the first time in almost five weeks in Asia on Thursday as the dollar licked its wounds after a U.S. Federal Reserve governor said the central bank was prepared to cut rates to zero if necessary." Reuters story: Gold tops $360 in Asia after Fed 'zero rates' talk.
Now that the bulk of corporate earnings are over, we're back to deflation watch leading up to the FOMC meeting scheduled for August 12. The market is just like that song by the Spice Girls: "We're goin' 'round in circles, tell me will this deja vu never end?" Don't forget that later this week, the autorefresh feature will be implemented; until then, please click the reload button in your browser to see new posts.
03.07.24 06:54 #