A Historic Inversion: Gold GOFO Rates Turn Negative For The First Time Since Lehman
Be sure to tune into The Real World of Money live Wednesday 9 AM Central right here and get Andy’s takeon this very curious story. Today, something happened that has not happened since the Lehman collapse: the 1 Month Gold Forward Offered (GOFO) rate turned negative, from 0.015% to -0.065%, for the first time…