Goldback: State of the MarketAt the time of writing, the S&P 500 was flat, and jobless claims fell far below official expectations. Secondly, the Federal interest rate was turning negative. Also, the measurement of Money Velocity reported that people are saving money more than spending it. As a result, this can adversely impact the US dollar and the GDP, creating the problem of inflation.On the other hand, the gold price continues to grow and reaches new highs seemingly every day. Why is this happening? Basically, the gold price rises for the same reasons it usually does. Geopolitical unrest a…
