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Spare A Thought For Gold. This Was A Terrible Week
Spare a thought for polished, yellow inflation hedges on Friday.
Gold is among the biggest victims of this week's rampant trade optimism, which finds the US and China closing in on a deal that would see the Trump administration agree to roll back tariffs for the first time since the onset of hostilities 16 months ago.
The risk-on mood has pushed US yields to the highest in months, while gold is on track for its biggest weekly loss since the election.
That marks a stark contrast to the yello
Oh, I know… he’ll do something like blow up the whole deal, raise tariffs in december and try to blame it on democrats and say he can’t close the deal and save the economy until they stop the witch hunt.
The Carrot get’s closer to the Donkey’s mouth. Have to admire how well he plays his base…
Great buying opportunity!!