Gold market will turn when this happens

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Gold market will turn when this happens

I have written about the importance of a bear market, recession, and Fed shift for a Gold bull market. But today, I want to be more precise.Markets anticipate the near future and slowly discount it as it becomes a probability and later a certainty.

Concerning the stock market, every cycle is different, but the move from hikes to cuts because of a recession is very bearish, which is super bullish for precious metals. The yield curve began to steepen in the spring with the multiple bank failures, but the Fed was able to paper over that, and the economy has avoided recession for now.How quickly the yield curve steepens depends on the health of the economy. The closer we are to a recession, and the faster it hits means, the closer the yield curve is to steepening and Gold starting its breakout move.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kitco daily macro-economic/business digest - June 22
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Kitco daily macro-economic/business digest - June 23
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »