Gold closed the week at $2,652 (down $6 since last week) and silver at $32.19 (up $0.57). Investment banks are setting higher targets for gold as monetary warning signs flash faster.
OTHER TOPICS DISCUSSED
-ADP jobs below 200k for sixth straight month
-Unemployment rate drops to 4.1%
-Reverse repo cash surges $465b in New York Fed
-Goldman Sachs announces new $2,900/oz gold target
-August PCE is down, suggesting even more rate cuts to come
-Key headlines for next week
Quote of the Week:
Inflation is the number one issue that people are feeling across this country. It’s hurting middle-class families. It’s hurting working-class families. And it's going to be the big factor in the 2024 election."
-Florida Governor Ron DeSantis
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