- Unfortunately, the COVID resurgence appears as though it could contract the economy all over again.
- Precious metals markets failed to follow through on their recent strength and traded lower through Thursday’s close.
- Metals markets are caught between fears of Federal Reserve tapering and the forces of inflation. Price levels continue to rise in the U.S. and around the world.
- If the Fed begins to signal that it will put off tapering, we could see a drop in bond yields and a dip in the U.S. dollar index. That would be a bullish backdrop for precious metals markets.
For further details see:
New Pandemic Crackdowns Threaten Economy, Freedoms