One of the common worries about a hard money like gold or bitcoin is that large price deflation could make lending and investment impossible because nominal interest rates can’t go below 0%.
Stocks staged a sharp rebound on Friday as concerns over a potential government shutdown eased after Senate Minority Leader Chuck Schumer (D-NY) opted not to veto a Republican sp
The Atlanta Federal Reserve’s GDPNow model projects a 2.4% contraction in the U.S. economy for the first quarter of 2025, while JPMorgan has raised its recession probability to 40%.
The US stock market fell on Thursday, Mar. 13, closing 10.1% below its previous peak, a decline that many analysts define as a “correction,” which is a slide ranging from 10% to 20%.
On March 13, US markets closed lower, with the S&P 500 entering a correction as trade war fears overshadowed positive inflation data. Gold hit record high, while Dow and Nasdaq declined.
The current view suggests XAUUSD has completed a 5-waves pattern in the cycle from the 2832.2 low. GOLD is now forming a wave ((ii)) black correction. The price shows an incomplete sequence in the decline from the peak.
For now, traders are bracing for another round of policy-induced whiplash, knowing full well that in this environment, certainty is a luxury they won’t be getting any time soon.
