First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2021/10/08/secretary-yellen-trusts-fed-to-bail-out-federal-government-002389
As Congress finally came to an agreement on Thursday to temporarily lift the debt ceiling, investors breathed a sigh of relief. The stock market bounced, and commodity indexes ran up to new multi-year highs. Precious metals markets, meanwhile, staged modest advances after showing virtually no reaction to the preceding debt drama in Washington.
