Friday brought a pleasant uplift for gold and silver prices, thanks to savvy bargain hunters jumping in. After dipping to a one-week low earlier, the market responded positively to robust U.S. employment statistics, reshaping expectations about potential interest rate cuts. Now, eyes are on the forthcoming inflation report, which may clarify the Federal Reserve’s next moves.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation