The week starts with the contract volume for the Spoo rolling from June into September: there is +44 points of fresh premium in the September contract, indicative of sustained higher interest rates; and as reiterated in the current edition of The Gold Update (see therein the Core PCE chart), we expect the FOMC to add another +0.25% to its Bank’s FundsRate on Wednesday, (despite FinMedia writings for a “pause”). At present, we’ve both the Euro and Spoo above today’s Neutral Zones, whilst below same is Oil; volatility is pushing toward moderate. The Econ Baro’s busy week of 16 incoming metrics begins late in the session with May’s Treasury Budget.