OTCPK:PGMFF - Post by User
Post by
kirk15on Feb 10, 2022 8:40am
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Post# 34415781
US inflation running at 7.5%
US inflation running at 7.5%immediate reaction will be US interest rates higher, off the back of that driver the USD will jump higher, gold will get hit because higher $$ and interest rates are counter trade, US equities will get hit.
After the immediate reaction, gold will settle and come back due to the need to offset inflation in a safe harbour investment for inflation hedge, happens every time in this type of cycle.