Gold Edges Up as Traders Look to Jackson Hole
Bloomberg Televisionยท2025-08-18 20:31
You have US T-bill rates at 10% and the stock market on a tear. Why buy the rock. Why buy gold.But we have what's happened is all those interest rates are heading lower, particularly the rest of the world. Almost 1.8% and ten year out in China. And deflationary forces are the best things for gold.Are either deflation, T-bill rates going down or inflation. Big, big signs of inflation. But typically that happens in other countries that have debasing currency.The key thing is think about corn. Right now, it's ...