The price of gold has reached unprecedented levels, sparking speculation about a historic surge. However, Bank of America (BofA) Global Research suggests that the situation is more complex than it appears.
Investors withdrawing from stock market, but not technology. Tech-themed ETFs had $3.42B inflow, led by XLK, QQQ & SMH. Valuations high, prepare for volatility.
Miran has staunchly defended Trump’s tariffs in the past, arguing in August that the “doom and gloom” expectation from tariffs “just hasn’t panned out.”
Speaking to reporters at the White House, the U.S. President reiterated that the benchmark interest rate “should be much lower,” ahead of the Federal Reserve’s decision scheduled for Wednesday.
