Gold Surges To All-Time Highs (Everything You Need to Know)
Gold jumped to another record high at the same time stocks are back closing in on theirs. Only two weeks after global financial chaos that has everyone wondering where things are heading, the implications of each could not be more different. So, where does everything else stack up? Is it just gold vs equities?Eurodollar University's Money & Macro AnalysisReuters Gold extends record rally on dollar weakness, rate-cut betshttps://www.reuters.com/markets/commodities/gold-steady-near-record-high-investors-seek-more-fed-cues-2024-08-20/Bloomberg S&P 500’s Furious ‘Momentum Rally’ Takes a Break: Markets Wraphttps://www.bloomberg.com/news/articles/2024-08-19/stock-market-today-dow-s-p-live-updatesCNBC U.S. crude oil falls nearly 3% as U.S. pushes for Gaza cease-fire, China demand weighs on markethttps://www.cnbc.com/2024/08/19/crude-oil-prices-today.htmlBloomberg Diesel Demand Hits 26-Year Seasonal Low in US on Slowing Economyhttps://www.bloomberg.com/news/articles/2024-05-31/diesel-demand-hits-26-year-seasonal-low-in-us-on-slowing-economyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU