Gold Hits All-Time High, Layoffs Ease, FedWatch, Gold and Silver Charts
Weekly Recap for the Week Ending March 8, 2024
Domestic
1. Gold hits all-time high
Following last week’s core PCE inflation-fueled buying, gold prices continued to be bid up this week on expectations of Fed rate cuts in June.
Gold bugs were eager to buy, bidding gold price up to over $2,200 intra-day on Friday. As FOMO buyers rush in, I expect to see strong gold prices continue into next week. Mainstre…
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