Investors will be watching specifically for remarks from Mario Draghi and Jerome Powell.

The yield curve inversion just got more pronounced.

The inversion of the yield curve is of crucial importance as it has historically been one of the most reliable recessionary gauges.

With the markets more focused now on the escalation of the trade war triggered by Trump’s tweet on Thursday, the stock market plunged while gold rallied.

After the first half of the year, gold gained more than 10 percent, rising from $1,279 at the end of December 2018 to $1,409 at the end of June 2019.

Yesterday, the Fed trimmed down the interest rates. This was widely expected – yet a blunt ruling out of an extended easing cycle wasn’t.

In a week, the Fed may deliver its first interest rate cut since 2008.

In June, the ECB became more dovish, as it postponed the possible beginning of the interest rate hiking from the end of 2019 to the mid-2020.

The delicate balance of forces at the Fed has been disturbed.

The white metal jumped higher decisively, rallying above the June highs and the SLV ETF soared.

There are high chances of the U.S. recession arriving somewhere between the second and the fourth quarter of 2020.

The current expansion already goes on for 121 months, becoming the longest economic boom in the US history.