GLD - Inflation Data Sparks Rush For Safe Havens Jerome Powell Says Labor Market 'Not Overheated' And More: Economics Weekly Round-Up | Benzinga
The past week was a rollercoaster ride for the markets, with inflation data sparking a rush for gold, real estate, treasuries, and yen. Meanwhile, Federal Reserve Chair Jerome Powell‘s comments on the labor market and interest rates kept investors on their toes. Let’s dive into the top stories of the week.
Inflation Data Sparks Investment Rush – The recent inflation data triggered a rush among investors towards gold, real estate, treasuries, and yen. Traders are now anticipating a rate cut in September. The Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY) and SPDR Gold Trust (NYSE:GLD) are among the notable mentions. Read the full article here.
Powell on Labor Market and Interest Rates – Federal Reserve Chairman Jerome Powell ...