This is an interview recorded and released on Friday June 9, 2023. It is with Kai Hoffman of Soar Financial and Gary Wagner

In anticipation that the Federal Reserve will not raise its benchmark interest rate at the next FOMC meeting that ends on Wednesday, June 14 market participants have moved gold prices higher for the last two weeks.

New jobless claims over the last seven days ending on June 3 increased by 28,000 individuals. This takes the jobless rate in the United States to new almost a two-year high with 261,000 Americans now jobless.