MacroVoices #364 Julian Brigden: On Opportunistic Disinflation
Macro Voices
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The Gold Market Is Taking a Backseat to the Dollar Index
A hawkish outlook from the Fed on Wednesday seems to carry more weight for the gold market than Russia rearming its submarines and warships with nuclear warheads. What happens next for the dollar index will almost certainly be the tell for what happens next in gold, obviously in the opposite direction. Oil is probably cheap but there's zero evidence that it's imminently going to start on some sort of new bull trend or anything like that.
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