The one hand the Labour Market is very strong, and you pointed to the jobs report from friday, unemployment is down and wage growth is up and it is a very unique moment, we have seen unemployment below li for 26 straight months, the longer stretch we have ever seen that since the 1960s, it is remarkable, and the fed looking at these data could see this as an area where a Softening Job Market could do some of the work for them and thatis do some of the work for them and that is in terms of stabilising prices and remember that all of these elements of the economy are linked. We have seen prices continue to creep and people are feeding that in their wallets and in their household budgets, so whilst the fed can rest assure the Labour Market look strong, the question is on how to bring the price is down to the 2 inflation target. We to bring the price is down to the 296 inflation target. Inflation target. We should always remember that inflation target. We should always remember that what inflation target. We should always remember that what the inflation target. We should always remember that what the fed inflation target. We should always remember that what the fed hasl inflation target. We should always. Remember that what the fed has to inflation target. We should always remember that what the fed has to do is make a calculated gamble about what has already happened but change their policy, that will not take effect for months down the line so they have got to bring those two ideas together, look at what inflation has done and how the policy might affect what happens in six months time . That policy might affect what happens in six months time . Six months time . That is why you can see them six months time . That is why you can see them at six months time . That is why you can see them at never six months time . That is why you can see them at never being six months time . That is why you can see them at never being so i can see them at never being so declarative about what is coming down the pipe, because they do not want to tip their hand and they are very data dependent and that is a phrase that they are using to describe themselves and to describe the fed, when we see data dependent, the fed, when we see data dependent, the data they are most closely looking at is around inflation because that is the stickiest and most persistent thing that we have seen through the us economy and what they need to bring down to 2 . They have tools in their tool box, rumours had been that we would see three rate cuts but when you see a jobs report as strong as we saw on friday, the expectation lessons, and maybe they are delayed and maybe there is not three but the expectation is we will see rate cuts this year. We expectation is we will see rate cuts this ear. ~. , this year. We will have full coverage this year. We will have full coverage of this year. We will have full coverage of what this year. We will have full coverage of what the this year. We will have full| coverage of what the figure this year. We will have full coverage of what the figure tells us tomorrow. Gold is always labelled a safe haven when globalfinancial uncertainty takes hold 7 in recent weeks it has rallied to record highs and hit a new high on monday. Citi has described gold as a developed market recession hedge. But analysts have also suggested volatility from the ongoing wars has helped. So what s causing the gold rally and could it soon be over . We asked ross norman, the boss of metals daily. Gold has had a phenomenal run, and its behaved in a rather untypical way in the last month, which has had analysts and dealers somewhat perplexed. Arguably, the move higher is of a very high quality, and thats to say Central Bank Buying in chinese buy ing, high quality because its unlikely to come back into the market. So the market is well supported below. But the recent moves higher to all time highs, as you say, to 2,353 an ounce, is untypical in that its moved higher in the face of what would normally be considered headwinds, a strong dollar, high treasury yields, etc. And it feels as if a big play in the options market, the options tail wagging the gold dog, if you like, if you can visualise that its moving the market and hence its moving up in a straight line, we forecast a high of 2300 for the year. So we beaten that already and at an all time high, really, the skys the limit from here. We can go to washington, dc where the us Secretary Of StateAntony Blinken is giving a Press Conference along with the uk Foreign SecretaryDavid Cameron. We can now listen to what they are about to say. It is David Cameron. We can now listen to what they are about to say. What they are about to say. It is a ureat what they are about to say. It is a great pleasure what they are about to say. It is a great pleasure as what they are about to say. It is a great pleasure as always what they are about to say. It is a great pleasure as always to what they are about to say. It is a great pleasure as always to have| great pleasure as always to have Foreign SecretaryDavid Cameron at the State DepartmentIn Washington and we were just together and sitting next to each other for the nato meeting is that we had in brussels last week and we have had an ongoing conversation and consultation about the major challenges that our countries are facing together and today was another important chapter in these conversations. Starting with ukraine, we reaffirmed the imperative of continuing to support and help ukraine defend itself against the ongoing russian aggression and the uk has been an extraordinary lead in this effort from the first day, imposing sanctions and controls on russia and hindering its ability to finance the work, ramping up investments for the industrial base, this is a major effort that our countries are engaged with, along with many other countries, both for immediate needs and also for the future. We have major register Fence Companies opening bases in kyiv and helping ukraine with its own defence products. The uk was the first country to formalise and finalise the bilateral security and 30 countries have now concluded negotiations on and are negotiating with ukraine to help them develop a future force which can deter aggression and defend itself in the future. We talked about ways to strengthen efforts to prevent the transfer and weapons to russia for use in ukraine and this is an ongoing challenge and we see weapons and also technologies to support the Defence Industrial base in russia coming from north korea and iran and china, this is an area of particular concern for the us and the uk but for many of our allies and partners throughout europe. We also talked about the imperative of getting assistance to ukraine now in terms of additional munitions, air defence, artillery, and we both heard last week from the Ukrainian Foreign minister at nato about the immediate needs and both of our countries are pressing ourselves and others to do this and in that light the supplemental Budget Request that President Biden has made at congress is urgent and imperative. The house is urgent and imperative. The house is now back in session and we look to see that brought before the house and to get a vote as quickly as possible. I said this before, and it is always worth reminding, when it comes to burden sharing, i have never seen a better example in my time in government over 30 years, the us has done extraordinary things for ukraine, and our European Partners and others beyond europe around the world have done even more over the last two years. Military support, economic support, military and support. There is genuine burden sharing humanitarian support. I will remind again that the overwhelming majority of the resources in the supplemental Budget Request will be invested in the us, in our own Defence Industrial base to produce what ukraine needs and also providing good americanjobs. We discussed the situation in the middle east and in gaza, of course. Israel has made important commitments to significantly increase the supply of humanitarian assistance throughout gaza and has taken some initial actions to move on those commitments. We are looking at a number of critical things that need to happen in the coming days including opening a new Northern Point of entry for assistance into gaza, maximising the flow of assistance from jordan, as well as putting in place a much more Effective De Conviction Recognition with the humanitarian groups providing assistance, and just yesterday, more than 400 trucks were cleared to go into gaza and that is the most since the 7th Of October on any given day, but what matters is results and sustained results and this is what we will be looking at very carefully. And that includes making sure that the assistance that gets into gaza is distributed effectively, notjust in the south or central gaza, it needs to be in the north as well. We have our own citizens who remain hostage in gaza, held by hamas and we continue to work closely with israel and egypt and qatar on getting an agreement which will result in an immediate ceasefire and the release of hostages and create better conditions for getting assistance to those who need it in gaza. A couple of other things i wanted to touch on, in the indo pacific, our countries are aligned on the key issues in the indo pacific, making sure of peace and stability in the South China Sea and the korean peninsula, standing up when the prc is engaged in unfair trade practices, nonmarket practices, including addressing the Global Economic consequences of Chinese Industrial overcapacity and the need for a level playing field. Secretary yellen spoke forcefully about this recently in china and this is a concern for our country and for many others around the world. And we have our Agreement Modernising partnerships to meet future challenges and to promote a free and open indo pacific and australia selected British Companies last month to make nuclear submarines, it is a milestone, and we also discussed partnerships with other countries through aukaus including when we discussed japan this week, this is something that will carry this is something that will carry this partnership forward. Finally we are working together in this hemisphere to address shared interests and to try to advance peace and security and opportunity and we welcome the conversations we had about that, and with that, david, let me turn over to you. Thank you, it is good to be back In Washington thank you, it is good to be back In Washington and good to be back with you. Washington and good to be back with You In Washington and good to be back with you in a washington and good to be back with you. In a time of danger like this in international affairs, close alliances in international affairs, close alliances really matter, and there is no alliances really matter, and there is no closer alliances really matter, and there is no closer alliance for us than our partnership with the us and the work we our partnership with the us and the work we have been doing here and in nato work we have been doing here and in nalo and work we have been doing here and in nalo and we work we have been doing here and in nato and we will do at the g7 work we have been doing here and in nato and we will do at the 67 really demonstrates that and on ukraine i want to demonstrates that and on ukraine i want to echo what tony said the man put want to echo what tony said the man out simply, want to echo what tony said the man put simply, we know what works and we know put simply, we know what works and we know what they need and we know what is we know what they need and we know what is right for us what tony said, what is right for us what tony said. And what is right for us what tony said. And put what is right for us what tony said, and put simply. If we give ukraine said, and put simply. If we give ukraine the support they need, they can achieve ukraine the support they need, they can achieve the just peace that they deserve. Can achieve the just peace that they deserve, they have some 25 of the russian deserve, they have some 25 of the Russian Black Sea fleet and inflicted over 350,000 casualties on russian inflicted over 350,000 casualties on Russian Armed forces who launched this unprovoked and unjustified aggression. And we know that if we keep on aggression. And we know that if we keep on them, we can lead to this to the right keep on them, we can lead to this to the right conclusion and we know what the right conclusion and we know what they the right conclusion and we know what they need, air defences, the ukraine what they need, air defences, the Ukraine Foreign minister was so clear Ukraine Foreign minister was so clear about that in nato. We know they need clear about that in nato. We know they need a munition, there is the excellent they need a munition, there is the Excellent Initiative to bring forward Excellent Initiative to bring forward a munition which will arrive injune forward a munition which will arrive injune and forward a munition which will arrive injune and maybe before that, the uk is injune and maybe before that, the uk is sourcing more ammunition for them uk is sourcing more ammunition for them in uk is sourcing more ammunition for them in the uk is sourcing more ammunition for them in the to that. We know they need them in the to that. We know they need support from nato allies and A Ood Need Support from nato allies and a good outcome to the nato summit which good outcome to the nato summit which we good outcome to the nato summit which we were discussing this morning which we were discussing this morning and we know they need money in the morning and we know they need money in the form morning and we know they need money in the form of the frozen russian sovereign in the form of the frozen russian sovereign assets and we are making ood sovereign assets and we are making Good Progress in how to access that money Good Progress in how to access that money on Good Progress in how to access that money on an agreed basis which i think money on an agreed basis which i think we money on an agreed basis which i think we can take forward other 67 and of think we can take forward other 67 and of course in terms of the money they need and of course in terms of the money they need and the support they need, to be nothing is more important than the supplemental that the congress is looking the supplemental that the congress is looking at at the moment and i come is looking at at the moment and i come here is looking at at the moment and i come here with no intention to lecture come here with no intention to Lecture Anybody or tell anybody what to do or Lecture Anybody or tell anybody what to do or get in the wake of the process to do or get in the wake of the process of to do or get in the wake of the process of politics and other things in the process of politics and other things in the us, process of politics and other things in the us, but i come here is a great in the us, but i come here is a great friend and believer in this country great friend and believer in this country and they believe that that it is profoundly in your interests and your it is profoundly in your interests and your security and your future in the future and your security and your future in the future of and your security and your future in the future of your partners to release the future of your partners to release this money and let it through release this money and let it through and im looking forward to meeting through and im looking forward to meeting is through and im looking forward to meeting is im going to be having in Congress Meeting is im going to be having in Congress Later today. And we know what is Congress Later today. And we know what is right for us, it is right to stop what is right for us, it is right to stop Vladimir Putins aggression and it is right stop Vladimir Putins aggression and it is right for our own military and our own it is right for our own military and our own Production Bases to ramp up production our own Production Bases to ramp up Production Notjust for our own Production Bases to ramp up production not just for ukraine our own Production Bases to ramp up Production Notjust for ukraine but for our Production Notjust for ukraine but for our own Production Notjust for ukraine but for our own stocks and as tony said, so many for our o