Gold, silver rally as yields fall after surprise jobs loss - Kitco AM Report - KITCO
Gold, silver rally as yields fall after surprise jobs loss - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
The labor market just contracted for the first time since 2020, and gold is rallying because bond yields fell in response. That's not a bullish signal — it's flight capital pricing in either a policy error or the early edge of recession. The Fed held rates at 3.5–3.75% in July despite rising inflation; now employment is rolling over while the deficit runs 3% hotter than last year. Gold isn't rallying on strength. It's rallying because the alternatives look worse.