11 min listen
Gold Price Caught Between Positive U.S. Story & Negative China Story
FromSchwab Network
ratings:
Length:
9 minutes
Released:
Jun 28, 2023
Format:
Podcast episode
Description
Are we in a trap between positive U.S. economic data and weaker China economic data? The gold price has fallen to the lowest level since March 2023. The Russian risk has de-escalated, but still remains. Will Rhind says that the U.S. Dollar price firming is not good for gold. Recessionary pressures, however, would help the commodity. Is gold a hedge against an ever-rising stock market today?
Released:
Jun 28, 2023
Format:
Podcast episode
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