The eye popping UK Q2 GDP report is a statistic for journalists to plaster all over the press.... not for market participants/traders given it is a backward looking indicatorFocus is on the path of the recovery, not the depth of the crisis
A continued rise in US yields may see the Fed pick the Jackson Hole Symposium (as opposed to waiting until Sep meeting) to enlighten market participants on their monetary policy strategy review https://t.co/B5O4vcm8CF
I personally don't buy into the risk-on sparking a pullback in gold theme considering PMs have been moving in tandem with stocks for monthsYields (real yields) have been the main driver for the PM complex https://t.co/rVZXTff93U
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