GoldFix PM: Bad day for gold.. worse week for banks.
GoldFix PM
Housekeeping: Good afternoon.
Morning Rundown:
Macro-Economics/Commodities:
Geopolitics:
Founders:
GOLDFIX Intraday Chat:
Market Recap:
Stocks staged a classic intraday rescue while precious metals bled and then stabilized, leaving the tape looking more like official damage control than organic price discovery. The overnight selloff in risk and metals accelerated into the US open, with the real panic peaking right into the 9:30 to 10:00 window. From there equities ripped higher, metals bounced only modestly, and by the close the story read as a bad scare rather than a true break.