Gold prices spiked as market uncertainty deepened following the U.S. credit rating downgrade and renewed global trade tensions. With equities volatile and economic data mixed, investors are seeking refuge in precious metals. This surge highlights gold’s enduring role as a hedge against financial instability and inflation.
1. Federal Reserve officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift that bolsters the case for a pause in their tightening campaign this week. Until recently, many top policymakers at the U.S. central bank maintained that the road to lower inflation ran through the job market. The idea…
Geopolitical, economic, and environmental uncertainty can be expected to continue in the near term.
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