RE:RE:$1759 and dropping
Retiredgeo wrote: The Fed manufacturing index rose unexpectedly suggesting a more robust economy than gold traders expected. The gold price is readjusting. As the US economy comes out of covid restrictions an improvement in manufacturing is to be expected I don't know why anyone is shocked!
Thanks for the clarification. Yes everyone panics with these numbers. Most of the time they cook the books with these numbers anyways. We all know inflation is upon us but yet the price of gold remains weak compared to other assets. It won't remain this way forever. Eventually something has to give.