With stocks relatively flat, attention has turned now to gold where the precious metal has broken out from its range and is hitting new record highs on an almost daily basis ahead of the coming dollar debasement about to be unleash by the Kam-unist regime of Kamala Harris who plans on “fighting” food inflation with price control. Gold has gained more than 20% this year, in part driven by the view that the Fed’s pivot toward cutting rates was nearing. Banks including UBS and ANZ say that there’s scope for further gains too, not just on the Fed’s policy but on central bank buying and demand for portfolio hedges.
https://www.zerohedge.com/markets/futures-flat-gold-soars-new-record-high
h/t DOORBERT
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