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Gold Futures - Jun 24 (GCM4)

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2,349.60
+7.10(+0.30%)
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"employment [data] remains down significantly," said Philadelphia Fed President Patrick Harker
 It will be interesting to watch what happens now the $1.2 billion infrastructure plan has been agreed in principle. Still won't pass yet as this plan is set to be part of a $7 billion spending package being drafted by Sen Bernie Sander to be spent on climate change, education, paid leave and childcare benefits, likely to be paid for in part by tax increases on the wealthy and corporations. It will be passed by a budget reconciliation process ie no Republican votes in the Senate required as confirmed by Pelosi: "There ain't going to be a bipartisan bill without a reconciliation bill," Mrs Pelosi said. Mr Biden echoed that sentiment in later remarks from the East Room of the White House: "If this is the only thing that comes to me, I'm not signing it. It's in tandem." Only a matter of time before we see it passed.
 Yeah. If the economic data keeps up the pace while the bill is passed, the narrative would be strong. While all of this behemoth package is passed when there is already panic in the market, I guess the things will be interesting.
 Add to the panic, US default possible end of July - according Janet Yellen's most recent comments (last 24 hours news)
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