Key to last week was the WSJ report that the Federal reserve will “ease up” on its quantitative tightening. Not only has the Fed been hiking rates but it has been reducing its balance sheet. Both of these are forms of tightening. Slowing down the reduction of the balance sheet should have a stimulatory effect and in particular be positive for stocks. Of course, it is also dollar negative.
Gold received a boost on this news, and staged a low-volatility breakout.
Gold received a boost on this news, and staged a low-volatility breakout.
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