A sharp selloff in gold and a surge in equities following the May U.S. jobs report is a knee-jerk reaction that overlooks deeper economic vulnerabilities, says economist Peter Schiff. Calling the market response “misguided,” Schiff argues that gold’s rebound is likely as headline optimism fades and investors refocus on underlying labour market fragility and long-term inflation risks.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets