Gold Surges Back Above $1800, Erases Payrolls/Flash-Crash Losses
As taper talk battles COVID cases continuing to rise, it appears the brief suppression of gold’s paper price has stalled as Gold Futures jump back above $1800 ahead of this week’s Jackson Hole summit.
This has erased all of the payrolls plunge and the flash crash losses from the prior week…
Arguably, gold has a lot more to gain if real yields are to be believed…
Is gold seeing the reality that Powell is entirely boxed in on the taper and it won’t happen? (and is that why crypto is also running higher)?
Credit: Zero Hedge
About author
Related posts
Gold bullion is seeing strong demand and record-high prices in the UK, driven by economic uncertainty, global supply chain disruptions, and increased investor interest in... Continue reading
Gold and silver prices are higher again in early U.S. trading Friday, with gold hitting another record high and silver a two-month high today. The... Continue reading
In today’s volatile financial landscape, investors are constantly seeking safe and reliable avenues to preserve and grow their wealth. Investing in gold bullion is one... Continue reading
Yesterday’s significant drop in the dollar was directly related to the release of the October CPI inflation report, revealing muted growth, similar to September’s low... Continue reading
If you thought the West was unprepared for inflation – or indeed for Russia – wait and see just how unprepared it is for this... Continue reading
Add comment