Thursday, October 11, 2018

Gold finally breaks out of three month range amid market turmoil and inflation fears

October 11 has seen the gold price soar more than $26 so far this morning as market turmoil which began yesterday in the U.S. continued through the Asian, European markets.

In addition to equity prices taking between a 3 and 5% bloodbath across most exchanges, inflation numbers out today signal that the markets may be disturbed with the Fed's signaled policies of many more rate hikes and equity accommodation.

Ironically as well, today's move in gold means that the asset class is the only one that is positive since the Fed raised interest rates during their last FOMC meeting back in September.


Post a Comment