Ira Epstein discusses the latest developments in the metal markets, highlighting the impact of Federal Reserve Chair Walsh’s hawkish stance on inflation and its influence on the markets. He notes the mixed performance of the stock markets and the slight recovery in metals after being hit earlier. Epstein also covers the ongoing G20 central bankers’ meeting, the rise in 10-year Treasury note yields, and the influence of geopolitical factors, such as Iran, on energy prices. Additionally, he previews upcoming economic data releases, including retail sales and manufacturing indices, and analyzes the technical indicators for gold, noting a bullish pattern despite current corrections.
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