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Can someone smarter than me tell me if this affects me or not? (sh.itjust.works)

submitted 1 week ago by StarvingMartist@sh.itjust.works to c/outoftheloop@lemmy.world

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[–] notsosure@sh.itjust.works 26 points 1 week ago (1 children)

It does affect you, in a sense that this represents volatility, which in turn is usually bad: it means that investors are nervous with policies, markets etc. It is a symptom for the chaos currently fueling the world.

[–] Furbag@lemmy.world 1 points 1 week ago

Gold prices falling is usually an indicator of market stability rather than volatility. I suspect the new fed chair pick is the cause for the selloff. Although he seems more like a business-as-usual sort of guy rather than a Trump crony so I don't know why anybody thinks he will do anything differently compared to Powell.