Gold/Silver: $1900 objective met; what's next?
It was another good week for precious metals, with Gold gaining over 2.4% and Silver tacking on another 1% after the much anticipated CPI data release showed that inflation was continuing to cool. The problem the Fed will still face is that inflation remains near 40-year highs and their 2% inflation target is not attainable. They may be able to slow the rise of inflation by raising rates however, they are also slowing economic growth simultaneously, creating a deflationary environment.
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