TSX:SGLD - Post Discussion
Post by
GoldenPolarBear on Mar 05, 2024 11:00pm
“… Streible says, "there is a perfect storm brewing in
"...
Streible says, "there is a perfect storm brewing in the gold market," with the commodity climbing $150 "above its February lows." He explains that in the event of a regional bank crisis, the Federal Reserve may "pull forward" anticipated rate cuts originally slated for May or June, providing a tailwind for gold to rally further.
The strategist also highlights that the forthcoming jobs report on Friday will offer crucial insights into rate cut expectations and inflationary pressures. He suggests that a figure below 200,000 could "expedite the prospects of an interest rate cut," although he urges caution regarding "seasonal factors" that may influence job market data...."
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