Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Fidelity doubled its gold position with the 10-year at 4.69% and the Fed funds rate at 3.5%–3.75%. That's a bet the Fed won't follow yields up — or can't. Either interpretation is grim for the dollar.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor
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