The gold weekly forecast turns strongly bullish, with an eye on testing the all-time highs around $3,500. The recent geopolitical tension stemming from the Israel-Iran conflict drove the price above $3,400 level.
The Philly Fed’s coincident index — which is supposed to track GDP — has deviated substantially from monthly GDP (10.4% vs. 6.9%). This is likely due to its reliance on labor market data, which has remained remarkably resilient.
The S&P 500 Index just closed over 6,000 again, on its way toward retaking highs set in February. Meanwhile, Apple Inc. shares fell Monday, and sentiment climbed, as investors asked the obvious: “Where is the smart Siri AI assistant?
