Cooler CPI Ignites Gold Rally as Rate Hike Bets Evaporate - KITCO
Cooler CPI Ignites Gold Rally as Rate Hike Bets Evaporate - KITCO
Source: KITCO
―
DW NOTE
The CPI is 4.27% year-over-year, not "cooler" — it's still double the Fed's target. Markets are rallying gold on rate-hike relief when inflation is nowhere near contained. This is the same thinking that declared victory in 2021 before CPI doubled again.