July 8, 2019 -- Gold and silver ended last week lower in a volatile week of trading. Markets gave up some gains from earlier in the week when the Friday jobs report came in stronger than expected. Stocks and metals both sold off, as the good news surrounding jobs translated to bad news for investors anticipating a Fed rate cut later this month.

Odds still highly favor officials moving to reduce interest rates, but it isn’t quite as certain as it was a week ago.

Markets are today grappling with a major restructuring announcement from Deutsche Bank.

The troubled German bank is getting out of the stock trading business globally. More than 18,000 employees and bankers will lose their jobs. And nearly $100 billion in toxic and risky assets will be transferred into a "bad bank."

It is hard to know what to expect. Investors could see a Lehman-esque scene as former employees carry boxes out of DB high rise office buildings on Wall Street. And there may be some volatility in trading as markets react to the news that some large Deutsche Bank holdings will be transferred or unwound.




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