The most significant shift in the marketplace has been the fact that consumers, investors, and businesses are taking the growing inflation threat more seriously.
Not only does the copper market face a major supply issue this year, but the bank said that the deficit could double next year.
She later walked back those comments, which helped to alleviate some of the mess she created, but she really just said what a lot of economists have been thinking as the U.S.
And now throw into the mix the extremely disappointing nonfarm payrolls data, which showed 266,000 jobs were created in April.
The latest employment report has thrown a massive bucket of cold water on any tapering expectation, at least for the next couple of months.
Some analysts noted that while gold’s push above $1,800 has repaired a lot of damage in the marketplace, there is still some more work to do.