First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/10/28/biden-administration-argues-economy-is-bouncing-back-002617
As investors weigh conflicting economic data and the prospects for a Fed pivot, precious metals markets are quietly basing out. This week gold made a small move to the upside before pulling back here today. As of this Friday recording the monetary metal is registering a weekly loss now of 0.8% to bring spot prices to $1,651 per ounce.
