Gold and the Cracks in the U.S., Japan and Germany's Economic Data | Metals Mine

  • Gold and the Cracks in the U.S., Japan and Germany's Economic Data

    From sunshineprofits.com

    Talk of a synchronized world - all three economic superpowers are in a recession! The U.S. suffers from industrial recession, Japan from export recession, while Germany may fall into a broad economic recession. Will the gold market warm up to these news? Recent U.S. Data Shows Industrial Recession The recent inversion of the yield curve has sparked recessionary fears. Some of the newest pieces of the U.S. economic data confirm the gloomy outlook. For example, the industrial production fell 0.2 percent in July, the second drop in the past four months, according to the Federal Reserve, as one can see in the chart ... (full story)

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676f6c64
Aug 20, 2019 3:55pm
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What does it all mean for the gold market? On the one hand, the U.S. remains in much better shape than Japan or the Eurozone. This should support the U.S. dollar, creating downward pressure on the gold prices. On the other hand, the global slowdown may eventually spread into the U.S. one day. When the recession arrives to the States - and the yield curve inversions suggests that it is only a matter of time - gold should shine.
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