Video Update

Video: Short-Term Negative Fundamentals for Gold

The strength in the stock market and recent jobs report augur for higher yields in the short-term. The 2-year yield rebounded from support at 4.00%. This could lead to short-term expectations of a tighter Federal Reserve and no expectations of rate cuts this year. It’s short-term negative for Gold.

The major driver for Gold continues to be recession that forces the Federal Reserve to cut rates.

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