Podcast: Gold stirring? Market unwilling to take a stand on inflation.
Saxo Market Call
Summary: Today we look at the ongoing unwind of the reaction to the very hot US June CPI print from earlier this as the market seems unwilling to take a stand on rising inflation, and perhaps as well after Fed Chair Powell stuck to his guns on the Fed's attitude toward "transitory" inflation in testimony before Congress yesterday. Also, a breakdown of USDCAD after the Bank of Canada meeting yesterday, a look at whether gold is set to fully reverse its declines since the June FOMC meeting, another look at weak participation in the US equity market rally and more.
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