Overview
Stocks are higher, bond yields are lower, but is it really time to breathe a sigh of relief? Yet another jump in the price of gold suggests that the whiff of stagflation that continues to permeate markets is far from over.
It was a classic bad-news-is-good-news night on Wall Street on Wednesday evening. Official data on job openings came in much weaker than expected. That suggested the labour market weakness that Federal Reserve chairman Jerome Powell is worried about is real.
Source: https://www.afr.com/chanticleer/goldman-says-gold-can-surge-a-further-26pc-that-should-worry-markets-20250904-p5msb4