​Gold Surges To New Record High On ‘Soft’ Data Slump; Stocks & Bonds Dump’n’Pump – Tyler Durden

Gold Surges To New Record High On ‘Soft’ Data Slump; Stocks & Bonds Dump’n’Pump Despite China’s ‘heroic’ measures to save its stock market, US (and European) equities were less than impressed… Source: Bloomberg …the yuan strengthened to 7.01/USD (strongest vs USD since May 2023)… Source: Bloomberg …and that sent the dollar index lower… Source: Bloomberg Domestically, bad news was bad news… consumer confidence crashed, home price appreciation slowed, and Richmond Fed manufacturing survey collapsed to COVID lockdown lows all sparked the biggest drop in ‘soft’ macro data since April… Source: Bloomberg …which pushed rate-cut expectations (dovishly) higher for 2024 (above…  — Continue at ZeroHedge News : Read More