Bearish Gold Reaction To The Jobs Report

George Milling-Stanley joins Ben to discuss the recent weakness in gold despite high inflation and a jobs report that proved better than consensus estimates. He is a bit troubled by the daily new highs in equities on the back of a potential taper tantrum. More physical gold demand is probably a couple more months off considering economic data which appears better than reality due to low base effect comparisons. With earnings not following price inflation, there is a higher likelihood of transitory inflation which fits the FOMC narrative.

Futures

09 Aug 2021

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Bearish Gold Reaction To The Jobs Report

George Milling-Stanley joins Ben to discuss the recent weakness in gold despite high inflation and a jobs report that proved better than consensus estimates. He is a bit troubled by the daily new highs in equities on the back of a potential taper tantrum. More physical gold demand is probably a couple more months off considering economic data which appears better than reality due to low base effect comparisons. With earnings not following price inflation, there is a higher likelihood of transitory inflation which fits the FOMC narrative.

Futures

09 Aug 2021

ON AIR
2:00 am
Next Gen Investing
replay
12:00 am
Fast Market
REPLAY
1:00 am
Trading 360
REPLAY
ON AIR
2:00 am
Next Gen Investing
REPLAY
3:00 am
Your First Trade
REPLAY
3:30 am
Trading 360
REPLAY
4:30 am
Next Gen Investing
REPLAY
5:30 am
Your First Trade
REPLAY
6:00 am
Fast Market
REPLAY
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
4:00 pm
Your First Trade
4:30 pm
Trading 360
REPLAY
5:30 pm
Fast Market
REPLAY
6:30 pm
Next Gen Investing
REPLAY
7:30 pm
Your First Trade
REPLAY
8:00 pm
Trading 360
REPLAY
9:00 pm
Fast Market
REPLAY
10:00 pm
Next Gen Investing
REPLAY
11:00 pm
Trading 360
REPLAY

Get Market Minute

Daily insights for every investor

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