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.

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