In a rare ‘60 Minutes’ interview on Sunday, Chairman Powell’s very first question was, “What are the greatest threats to prosperity. Have you stopped raising rates?”
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Today was absolutely a risk-off day, with market sentiment favoring the safe haven class of investments as they bid the precious metals higher, and moved equities lower.
Although on the surface you would not realize that there was solid buying pressures exhibited in gold today. Although there is strong bullish market sentiment favoring the precious yellow metal, extreme dollar strength that is muted any real gains.
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