Powell says job market will have to suffer for inflation to fall

The Curious Case of Falling Gold Prices

But gold prices have not increased. In fact, they are down almost 20% from their recent peak in March. This puts gold on the cusp of a bear market. “Investors don’t have much appetite to hold gold in the current environment,” Warren Patterson, head of commodities strategy at ING, told me. Breakdown: Gold prices soared …

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