More rate reductions take effect today as the Canadian bond market is coming back for us while Europe struggles and the US government plays politics with their debt ceiling.
Gold has been up recently on currency concerns as Ben Bernanke is hinting that the US Fed may start printing money again if the economy remains slow. Some analysts fear a rating downgrade of US debt if their budget impasse is not resolved and investors in Asia sold stocks overnight on concerns about...all of the above I guess. As if that isn't enough.
Enjoy your Thursday.