Gold's Rally Gets Booster Shot as Trump Picks Doves for the Fed | Metals Mine

  • Gold's Rally Gets Booster Shot as Trump Picks Doves for the Fed

    From bnnbloomberg.ca

    Gold resumed its rally above $1,400 an ounce on a cocktail of positive drivers, with weak data feeding expectations for fresh easing from central banks, Treasury yields hitting a two-year low, and the U.S. president seeking to reshape the Federal Reserve board with two picks seen as doves. Bullion extended the biggest one-day gain in three years as concern over slowing growth ticked up, and investors will focus next on data for U.S. private hiring, factory orders and the services sector, which come on Wednesday. The jobs report for June on Friday will also be key in providing signals on the possible timing and scale ... (full story)

Comment Options
SurfsUp
Jul 3, 2019 3:16pm
Permalink
Step 1....get elected.
Step 2....ensure everyone in every position thinks EXACTLY like you do (or at least will behave the way you want).
Step 3....expect (create) chaos until it comes into place.
Step 4....assert your will over the worn down populace.

Rules for Rulers.
Reply
  • Story Stats