AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
2/19/2024:Gold surprises as Powell un-pivots!
Source:
Greetings!
Sticky inflation and strong US economic data over the past two months have caused Jerome Powell to postpone the pivot to lower interest rates that he telegraphed in mid-December. Markets are now betting that the Fed will cut rates three times in 2024 instead of the four to six cuts anticipated in January, and delay the start from March until May or June.
In this Gold Commentary, I analyze why inflation has been sticky since last fall, how the US economy has delivered better-than-expected performance, and why Jerome Powell has done a dizzying about-face on the Fed’s policy pivot. I link these factors to changes in Treasury yields and the dollar. And I detail how all this has rippled through into precious metals and what it means for gold and silver in coming months.
Please join me by clicking the link below. And you can also view this video on the AGE YouTube channel, which includes a transcript.
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
2/19/2024: Gold surprises as Powell un-pivots!
Source:
Greetings!
Sticky inflation and strong US economic data over the past two months have caused Jerome Powell to postpone the pivot to lower interest rates that he telegraphed in mid-December. Markets are now betting that the Fed will cut rates three times in 2024 instead of the four to six cuts anticipated in January, and delay the start from March until May or June.
In this Gold Commentary, I analyze why inflation has been sticky since last fall, how the US economy has delivered better-than-expected performance, and why Jerome Powell has done a dizzying about-face on the Fed’s policy pivot. I link these factors to changes in Treasury yields and the dollar. And I detail how all this has rippled through into precious metals and what it means for gold and silver in coming months.
Please join me by clicking the link below. And you can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President