With some global inflation readings plummeting overnight and others coming in below expectations, the prospect of rate cuts next year has improved again.
In fact, the CME Fed watch tool raised prospects of a January 31st cut by 4% to 12.4% and increased its March rate cut prospect to 71%.
However, despite renewed rate cut chatter and a downward bias in the dollar both gold and silver are trading lower signaling a lack of bullish sensitivity today...[MORE]
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