Fed Engineered Selloff But Gold Outperforms Stock Market

Gold, Bars, Wealth, Finance, Gold Bars, Deposit

Image Source: Pixabay

Friday was a rough day to end what was otherwise an okay week for Gold and Silver. Fed Chair Jerome Powell’s hawkish comments hit all markets but most notably, did not raise rate hike expectations in the bond market. 

Friday was a rough day but the positive was Gold lost only 1.2% as the S&P 500 lost 3.4%. Also, for the week the S&P 500 lost 4% while Gold lost less than 1% and GDX and GDXJ declined by only 1.3%-1.4%. 

In nominal terms the immediate outlook for Gold and Silver and the miners appears to be bearish as the path of least resistance is to the downside. 

Video Length: 00:09:01

More By This Author:

Gold Miners Historical Underperformance
The Best Historical Comparison For Gold & Silver
Silver Price Analysis

Disclaimer: TheDailyGold.com and TheDailyGold Premium are not investment advice. The website, email newsletter and premium ...

How did you like this article? Let us know so we can better customize your reading experience.