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Gold Above $2500: Gold Wrap Up For Friday, Aug 16

Aug 16, 2024Finance, No picture0

brass metal frameImage Source: UnsplashGold closed the week near a new all-time high at $2,506 (up $76 since last week) and silver at $29.00 (up $1.55). We discuss gold prices, the strong PPI and inflation data, why the deficit situation is even worse than it seems, and whether the Fed will be forced to return to QE.OTHER TOPICS DISCUSSED

  • Dollar hits 5-month low
  • July deficit reaches whopping 42.5% of federal spending
  • Home Depot suffers 3.6% sales decline
  • Luxury goods decline as doom spending rises
  • Anniversary of closing of gold window
  • Powell and Jackson Hole
  • Key headlines to look out for in week ahead

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