Why Central Banks Love A Gold Sell-Off

Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP Global attention this holiday-shortened week,will center on the US labor market, with the June employment report due on Thursday ahead of the Independence Day holiday. A reminder that the US will be 250 years old this week. Alongside that, central bank communication will be in focus at the ECB’s Sintra forum (today through Wednesday), while inflation data across Europe and activity indicators in Asia—notably China’s PMIs and Japan’s monthly data—round out a busy global calendar. In the US, DB economists expect...

US Pulling Large Chunk Of Jets, Refueling Tankers From NATO Defense, Realigning Further East In a move that surprises absolutely no one paying attention, the United States is planning to significantly slash the number of fighter jets and warships it feeds into the NATO machine in Europe, the New York Times reported Thursday. The reported cutbacks hit right as panicked European nations scramble to patch up their own defense capacities. Though long expected given President Trump's somewhat adverse relationship with the NATO alliance, and fiercely critical rhetoric continuously directed at Brussels,...

'We Have Special Forces': Netanyahu Unfazed By Global Threats Of Arrest Via Middle East Eye Israeli Prime Minister Benjamin Netanyahu told Fox News on Tuesday that he was not too bothered by the International Criminal Court's (ICC) arrest warrant for him, because Israeli special forces would protect him should any country try to take him into custody.  "It scares me in this sense. For you, you travel internationally, God forbid you had a medical emergency, and you need to land, and you're about to land in a country that recognizes the ICC. It...