Search
EN Down
Language
Hi, user_no_name
Live Chat

Well, this is a mess, an inflation report so bad even the Fed might actually do something about it? Hohoho, I joke of course…

Inflation way ahead of forecast and exceeding 6% on the headline number, highest in 30 years, core month-on-month accelerated to +0.6%. Yet Fed still sticks to its ‘transitory’ narrative.

Gold has blown past resistance and the path to $1,875 is clear. Stocks offered and the dollar is bid. Bonds sold off with US 10year yields jumping above 1.480%. 30 year real yields (TIPS) touched a record low -0.595%, whilst 10yr TIPS fell to I think a record low of -1.224%. Stocks are paring losses as of send time and the USD is paring gains – so far only really gold holding onto the spike with real rates the biggest loser from all of this. Well, after the Fed’s credibility.

Gold Chart 10.11.2021

Latest news

Markets remain on edge ahead of US nonfarm payrolls report

Friday, 6 September 2024

Indices

Investors tense ahead of today's US nonfarm payrolls data

Thursday, 5 September 2024

Indices

Gold prices are up more than 22% this year

Thursday, 5 September 2024

Indices

Bitcoin price struggles below $58k

Thursday, 5 September 2024

Indices

U.S. ETFs Experiencing a Boom in 2024

Live Chat