Sunday, August 18, 2024

Inflation is over, gold hits new high lol

 CNN: The war on inflation has been won. It’s OK if you’re still angry

The headline inflation reading falling below 3% for the first time since 2021 is incredible.

 

CNBC: Gold rallies to record high on softer dollar, rate-cut expectations

Spot gold was up 1.5% to $2,493.66 per ounce after hitting a record high of $2,500.99 earlier. U.S. gold futures rose 1.6% to $2,532.10. Bullion has risen 2.6% this week.