Gold continues to trade in a multi-month range despite Monday’s sharp sell-off, while silver slips lower, but a longer-term bullish pattern remains in place
Given the massive risk-off sentiment at the start of this week, this sentiment snapshot provides some perspective on recent moves but from a contrarian viewpoint
Risk assets are getting pummeled, especially in Asia at the start of the new week. Numerous macroeconomic factors have aligned to force a shift towards traditional safe havens
Disappointing job additions and a shock rise in unemployment in July have piled on the pressure for the Fed. Expectations of a 50-basis point cut in September gain traction
The Bank of England cut rates but the decision was a fine one. Inflation is expected to remain above 2% as the committee focuses on potential second round effects on…