Gold and silver bulls took their profits and ran, triggering the sharpest pullback across precious metals in months. Gold dropped over 5% and silver nearly 7% before dip buyers returned, but questions remain: is this just a breather—or the start of something bigger? The selloff was fueled by easing US–China trade tensions, a rebound in the US dollar and overbought speculative positioning, but the broader story remains... the same!
Meanwhile, oil prices are staging a modest recovery, US yields slipped below 4% and investors are bracing for the Federal Reserve’s (Fed) much-anticipated rate cut next week by closing short positions. Encouraging earnings add another layer to appetite that’s anything but dull.
Watch the full episode to find out more!
0:00 Intro
0:53 Gold, silver pullback: concern or healthy pause?
4:25 US crude rebounds
5:42 FX update
6:45 Earnings, short squeeze back equity appetite
