Precious metals conquer new future highs
The world gold price today showed signs of recovery after the US jobs report in July was weaker than expected.
The US job market is slowly cooling down and that is exactly what the US Federal Reserve (Fed) wants to see. The market increasingly believes that interest rates have peaked and the Fed's next job is to lower rates. In that environment, gold will "fly high"
The US job market is slowly cooling down and that is exactly what the US Federal Reserve (Fed) wants to see. The market increasingly believes that interest rates have peaked and the Fed's next job is to lower rates. In that environment, gold will "fly high"
