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There was a lot of economic data this month that seems to signal a strong economy. Does it though? Is everything really fine? In this episode of the Friday Gold Wrap, I dig deeper into the data and reveal a less sanguine reality. I also explain the inner workings of the spot price for gold, how it’s determined, and the factors that influence it.
Topics Discussed
- “Strong” economic data isn’t so strong
- Fed paper admits rate hikes could “hammer” economy
- Things happen slowly and then all of a sudden
- What is the spot price and how is it determined
- Factors influencing the spot price
- Market manipulation?
Video Length: 00:33:44
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