Can gold hold $4,000 with an October rate hike still in play? - Kitco
Can gold hold $4,000 with an October rate hike still in play? - Kitco
Source: Kitco
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DW NOTE
The Fed hiked to 3.90% a month ago expecting inflation to stay above target through year-end. Now the 10-year yield is at 5.24% — up 27% from a year ago — and oil just jumped 9% in a week with the Strait of Hormuz still closed. An October hike would acknowledge that inflation isn't between anything; it's accelerating with a supply shock underway.