Markets yield to fears of a global downturn

Financial Times/Robin Wigglesworth/8-16-2019

“The nearest thing the global economy has to a doomsday clock ticked a little closer to midnight this week, triggering fear across financial markets.”

USAGOLD note:  This FT ‘Big Read’ delves into the intricasies of the inverted yield curve covering those who support the notion that it is a reliable indicator of recession and those who do not.  But for those who frequent our Live Daily Newsletter, the ultimate question might be: Does it predict anything about the gold price?  To answer that question, we will put up the chart and let those with a sharp eye and persistence determine for themselves. Gold is presented in log scale.

Click to enlarge
Chart of inverted yield curve and price of gold since 1970

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