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The Fed Just Quietly Backstopped Japan, and Gold Noticed | This Week In Focus
29 minutes Posted Aug 11, 2026 at 6:00 pm.
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Gold ran about $300 in days, and copper set an all-time record in New York, and neither move had much to do with anyone wanting more of them. This week the Fed quietly opened a window letting Japan borrow dollars against the American debt it already owns, Congo banned copper and cobalt exports, a quarter of the world's sulfuric acid supply vanished, and global debt hit a record $353 trillion. From Kitco News, Jeremy Szafron breaks down the week with three guests who don't agree on much: char...