Metal Markets Report For Tuesday, Aug 12
Image Source: Pixabay
In this video, Ira Epstein discusses the impact of the latest CPI report, highlighting a 3.1% rise in core inflation, which contrasts with the headline number and market expectations of a Federal Reserve rate cut. He notes the metal markets' decline despite the report's bullishness, as well as stable energy markets following API stockpile data.
Epstein also examines the bond market dynamics with rising yields on the back end and the bearish crop report in grain markets.
Additionally, he provides insights into gold's recent performance, emphasizing a non-trending pattern with potential support levels, and mentions his personal experience of sleep deprivation after a medical procedure.
Video Length: 00:07:38
More By This Author:
Financial Markets Report For Tuesday, Aug 12Morning Flash Report For Tuesday, Aug 12
Metal Markets Report For Monday, Aug 11