Founders Audio Note: Gold Bull-Dozer

Apr 10, 2026

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Housekeeping: Premium breakdown of the report this weekend.

TODAY:

Core CPI Data: March headline inflation forecast at 0.3% monthly gain (vs. Feb’s 0.9%), critical for Fed policy direction amid PCE inflation at 2.8% (Feb) and unemployment claims at 219k.
Private Credit Liquidity Risk: Carlyle’s private credit fund faces 15%+ investor exodus with repurchase activity 3x threshold, signaling systemic stress in alternative assets.
Geopolitical Supply Chain Shift: Pentagon’s Anthropic ouster for supply-chain risk drives AI provider diversification, accelerating demand for secure network alternatives amid U.S.-Iran tensions.
Iran Conflict Oil Impact: Ceasefire temporarily eased oil prices (Brent $97.26), but lingering economic damage risks rebound above $100/bbl, benefiting Gulf Coast refiners.
Trade Policy Uncertainty: U.S. Court of International Trade reviewing Trump-era tariff legality, with states arguing Section 122 excludes trade deficit concerns.

GoldFix