A hawkish Fed won't keep gold price down for long - FxPro's Kuptsikevich - kitco.com
A hawkish Fed won't keep gold price down for long - FxPro's Kuptsikevich - kitco.com
Source: kitco.com
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DW NOTE
The Fed is tightening into a supply shock — Brent at $105 with the Strait of Hormuz effectively shut and the IEA forecasting a 6% global supply decline this year. Gold has fallen 17.5% from its January high as real rates rise, but the same conditions that drove it to $5,318 in January haven't changed, they've compounded.