01 March 2024 – 09:20 Central Euro Time

The Swiss Franc and Copper are both at present below today’s Neutral Zones; above same is the Spoo, and volatility is light-to-moderate. We’re a bit surprised with equities’ upside move yesterday on the heels of a firm Core PCE Report for January at an annualized pace of +4.8%, well beyond double that sought by the Fed; (more on that in tomorrow’s 746th edition of The Gold Update); still, the Dollar Index hasn’t backed off a wit, sensing that current rate levels shan’t decline any time soon. The Econ Baro rounds out its week with February’s ISM(Mfg) Index and revision to UofM Sentiment, plus January’s Construction Spending.