Kitco News: Major train wreck in raw commodity sector; Gold tumbles $65/oz while the Dow plunges below 40k for the 1st time since last summer

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Kitco News: Major train wreck in raw commodity sector; Gold tumbles $65/oz while the Dow plunges below 40k for the 1st time since last summer

Posted By: NaturalWisdom
Date: Friday, 4-Apr-2025 13:20:45
www.rumormill.news/253126

: MarketWatch: Recession fears roil stock markets
: amid Trump�s tariffs. Nasdaq down 4.5%, while
: the Dow is off more than 1000 points
: NaturalWisdom -- Thursday, 3-Apr-2025 14:04:09
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=253090
Major trainwreck in raw commodity sector late this week
Apr 4, 2025
[snip]
(Kitco News) - Gold and silver futures prices are getting pounded late this week, as is the rest of the raw commodity sector. Sector leader crude oil is down over $5.00 a barrel today and at a four-year low, after suffering strong losses Thursday.
Raw commodity markets have been hit hard by rising and even extreme trade tensions between the U.S. and its major counterparts. A few futures markets have traded down their daily price trading limits Thursday or today.
The Fed funds futures market is now pricing in five U.S. interest rate cuts this year. At 0.25% for each cut, that�s a 1.25% total cut this year. Analysts are saying the Fed funds futures are pricing in a U.S. recession. A U.S. and/or global recession is bearish for commodity markets, from a demand perspective.
Chart source:
https://quotes.ino.com/charting/?s=INDEX_DJI