Gold, silver rally as weak payrolls cut Fed hike pressure - Kitco PM Report - KITCO
Gold, silver rally as weak payrolls cut Fed hike pressure - Kitco PM Report - KITCO
Source: KITCO
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DW NOTE
The Fed held at 3.5% in July while deficit spending ran 3% ahead of last year. Weak payrolls don't cut hike pressure when the central bank is already financing a $1.4 trillion shortfall with invented money. Gold rallied because the alternative to holding it is holding claims on a government that can't stop spending and a Fed that won't stop printing.