Markets yield to fears of a global downturn
“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.