Commodities Rally: Gold Shines Amid Weak Jobs Report & Fed Rate Cut Speculation
Schwab Network · Schwab Network
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Show Notes
Phillip Streible examines the commodities market following a weak jobs report that sent 10-year Treasury yields to a low not seen since April. He discusses the potential for a 50 basis point interest rate cut at the Federal Reserve's September meeting and its impact on gold prices, which have rallied to record highs. He also weighs in on the likelihood of gold reaching $5000 an ounce.
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