First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2023/01/06/stagflation-to-terrorize-the-economy-in-2023-002653
Gold and silver markets got off to a strong start in the first couple days of trading this year before running into some selling pressure on Thursday – only to bounce back again on Friday morning. A superficially strong jobs report has raised expectations for further rate hikes by the Federal Reserve and boosted the U.S. dollar on foreign exchange markets. Metals futures traders reflexively responded by hitting the sell button yesterday only to turn around and buy today.
