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Commodities are known to top following major geopolitical events but don't discount gold seeing 10% moves in any direction as the market is at the highest probability of a melt-up since the 1980s, according to Jared Dillian, author of 'No Worries' and editor of The Daily Dirtnap.The Fed to become powerless due to looming U.S.
- Soaring debt levels threaten to render the Federal Reserve powerless, taking away its ability to fight inflation, warned Tavi Costa, macro strategist at Crescat Capital.LME moves to close loopholes that enable traders to game latest sanctions on Russian metals – One week after catching wind of the scheme, the London Metal Exchange has announced new plans to close loopholes that allow traders and warehouse operators to game the latest series of sanctions on Russian metals. – Even as spot gold trades $100 lower than the all-time high set on April 12, the supply, demand and price distortions continue to impact local gold markets around the world. - Gold prices are a bit higher and silver prices a bit lower in midday U.S. trading Thursday.
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