Gold Pares Weekly Gain, Musk Pumps Up Dogecoin

Published by
ValueWalk

OANDA – Wage inflation worries send stocks lower, US data, Oil rallies, gold pares weekly gain, Musk pumps up Dogecoin Q4 2021 hedge fund letters, conferences and more US stocks struggled after the big banks had a rough start to earnings season. JPMorgan shares dropped sharply over fears that surging expenses and wage inflation may lead to a greater profit miss over the next couple of years. Risk appetite did not get any favors from a wrath of US economic data that missed expectations, raising fears that the underlying recovery is vulnerable. The great cyclical rotation was reversed today and …

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