⛏ Trade is the new fiscal risk

Trade is the new fiscal risk
The bond market is grappling with the potential disappearance of tariff revenue, with the yield on the 30-year Treasury bond moving up 0.05 percentage point Tuesday morning — nearly hitting 5% for the first time since early summer. If Trump is forced to roll back tariffs, it might be good news for GDP growth and inflation — but Americans could pay for it in the form of higher long-term interest rates due to wider deficits. Read on »

Gold price soars to new record
Spot gold set an all-time record of $3,528.78 per ounce, surpassing its previous high of $3,500.05 from late April. After opening the session below $3,500, it has recorded a 1.5% gain and counting. The gold market is entering a seasonally strong period for consumption, coupled with expectations for a rate cut at the September Fed meeting. Read on »

Comex Delivery Not Yet Reflecting Risk That Trump Stacks the Fed
The data shown looks at contract delivery where the ownership of physical metal changes hands within CME vaults. It also shows data that details the movement of metal in and out of CME vaults. It is very possible that if there is a run on the dollar, and a flight into gold, this is the data that will show early warning signs. Read on »

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• Gold Breakout Goes Relentless Link>>

• Trump announces Space Command is moving from Colorado to Alabama Link>>

• Official gold reserves surpass US Treasury holdings for the first time in 30 years Link>>

• Ukraine launches lithium project to advance minerals deal with US Link>>