It was an odd and frustrating day after a CPI report showed some slowing of US price inflation. This led bonds to rally but then they reversed and, as such, Comex gold could never sustain a bid, even though the POSX fell by over a point. Like I said…odd and frustrating.
But let’s not forget that we’re still up and green on the week with two days to go so all is not lost. Let’s see what tomorrow’s PPI brings and watch the reaction. As a prep, this podcast should serve to get you ready so please be sure to have a listen….
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