Gold scales a 6-month high; near-term outlook bullish
The dollar index touched its lowest since mid-August, making bullion less expensive for overseas buyers.
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The dollar index touched its lowest since mid-August, making bullion less expensive for overseas buyers.
Is, even if these are shocks caused by temporary transitory effects, things like covid, do they start to change expectations? and that's where it starts to get really, really worrisome. if, in fact, everybody looks around and says, hey, my neighbors are raising prices, my suppliers are raising prices. i better just in case raise prices, too. that's where you get more self-sustaining inflation and that's where it's much more dangerous. that's where you need the fed to step in to start, you know, trying to change those expectations through rhetoric, through policy. they've already said -- indica...
It spills over to the united states or financial conditions tighten more and we do see a weakening in the u.s. economy it's certainly possible that the next move is a cut. >> that's news. fed guessing has shifted dramatically recently. the fed raised rates seven times in the trump presidency with the strong u.s. economy. last week kept interest rates steady and suggested it might be done hiking rates. fed policy makers suggested as many as two increases were on the way this year. yellen expects a strong 2019 economy but mentions weak economic data from china and europe. uncertainties about tra...