Gold shouldn’t be expensive to own

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Gold closed July with its first monthly gain since February. Traders are now handicapping a possible Fed hike in September, which means the cost of holding a non-yielding asset is about to get quoted back to investors in real numbers.

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Megacities Are Booming

...this increasing concentration has also been exacerbating challenges that are typical for urban centers, for example housing shortages, overcrowded transport and an increased strain on the environment.


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No Hikes For You

Warsh was basically put in charge to cut. He will deal with the hand he has been dealt (the renewed conflict in Iran isn’t helping), but his bias is to cut, not hike.