June 28, 2019

Gold is up slightly, currently trading at $1,411.90 ahead of Presidents Trump and Xi’s meeting this weekend where either a trade deal or increased tension are viable outcomes.  Inflation data released this morning shows it’s still well below the Fed’s 2% target, adding fuel to the argument for a rate cut next month, however, the outcome of tomorrow’s meeting will likely play a much larger role in determining Fed policy in July.