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Notably, the Fed’s Kashkari said “I basically agree with everything you said” after Barr’s speech.
This article was written by Adam Button at investinglive.com.
Notably, the Fed’s Kashkari said “I basically agree with everything you said” after Barr’s speech.
This article was written by Adam Button at investinglive.com.
It’s been a long time coming but some real profit taking in gold finally arrived.
Gold tested $4000 again about an hour ago and this time it didn’t hold. That led to a heavy round of selling that saw it quickly fall to $3945.
I think it would be healthy to see gold scale back to around $3700 but the bulls have answered every challenge so far. This one — not coincidentally — is also coming alongside some selling in high-flying equities.
Even more importantly, the US dollar is strong today following upbeat comments on the strength of the consumer from Delta Airlines. A reacceleration — and re-heating — of the US dollar would be something of a gamechanger in the current state of play in many markets, though gold certainly has multiple factors supporting it.
This article was written by Adam Button at investinglive.com.
This article was written by Greg Michalowski at investinglive.com.
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