Fed’s ‘hawkish hold’ stabilizes gold and silver, but likely leaves markets in limbo until September – Experts - KITCO
Fed’s ‘hawkish hold’ stabilizes gold and silver, but likely leaves markets in limbo until September – Experts - KITCO
Source: KITCO
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DW NOTE
The Fed held rates at 3.63% while headline CPI prints at 3.53% and PPI at 5.51%. A real rate of zero isn't hawkish — it's negative in real terms if you measure against what producers actually pay. Gold's 22% drawdown from January looks less like stabilization and more like a market that stopped believing the inflation story six months ago.