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Friday, March 29, 2024

Precious Metals Pummeled As Trump Celebrates “A New Record” For Stocks

Courtesy of ZeroHedge View original post here.

Another day, another trade-deal headline saying nothing new but good enough for the algos…

US equity markets love it…

Surging to new record highs, a fact not missed by the president…

But he probably will not be happy that the dollar is also soaring…

Source: Bloomberg

Gold is, of course, getting monkeyhammered…

Along with silver…

And interest rates are also spiking…

Source: Bloomberg

Housing markets won’t like that much.

And as rates rise, will gold catch down to global volumes of negative-yielding debt?

Source: Bloomberg

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