In this week's mini episode, Joel gives the key numbers: gold closed at about $3,330, up $100. Silver closed at $32.55, up $0.10. This week saw a new all-time high for gold ($3,358 on Thursday), frail manufacturing numbers and mounting pressure on Fed Chair Powell.
⏰Headlines
- Dollar Index stands at 99.13
- VIX fear gauge at 29.65
- Empire State Manufacturing Index at -8.1
- White House announces 245% tariff on China
- Powell emphasizes Fed caution
- Philly Fed Manufacturing Index at -26.4 (vs. 2.2 forecast)
- ECB cuts rates on Thursday for third time this year (now 2.25%)
💡Quote
"Blessed be the God and Father of our Lord Jesus Christ, who according to His abundant mercy has begotten us again to a living hope through the resurrection of Jesus Christ from the dead.”
– 1 Peter 1:3
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The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms.
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
