RE: Losses in retrospect7 Jun 2021 15:07
"Investors were also mulling comments by US Treasury Secretary Janet Yellen, who said over the weekend that higher interest rates would be a "plus" for the US.
Russ Mould, investment director at AJ Bell, said: "While this seems a perfectly logical and reasonable statement, it contains a hint of menace for the markets given what rising rates normally mean for the performance of equities.
"This hint of menace might become something more genuinely frightening for investors if it is followed by a high level of inflation when the US figures are published later this week."
MTL fundamentals are unchanged. Gold is where we need to be.