We’ve still got inflation running, and that is why you’re up so far for the month – up nearly two percent in the gold market. If you are looking at CPI data and the like, all you see is inflation. You just had on Friday the non-farm payroll. You saw wage inflation jumping more than what was anticipated in there. These are the problems that the market is facing, you’re going to get this week on Wednesday course CPI coming out. Also, Fed chair Powell testifies on his semi-annual testimony to Congress on Tuesday and Wednesday. So we’ll be seeing what he has to say about it.
So as we look at the gold, as I said on a monthly basis, you’re up about two percent. On a weekly basis, you’re up about the same. The week and the month, all began on the same day. It’s not always that way, but it worked out this time. As you can see, new all-time highs in the market. As you can see, running to the upside.
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