Gold and Silver Face Rising Yields, Strong China Demand and Falling COMEX Inventories - SD Bullion
Gold and Silver Face Rising Yields, Strong China Demand and Falling COMEX Inventories - SD Bullion
Source: SD Bullion
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DW NOTE
The Fed is hiking into a geopolitical oil shock while Treasury yields climb past 5%. Gold at $4,319 isn't a bubble — it's the market pricing what happens when central banks try to fight 5.44% PPI inflation while the Strait of Hormuz runs convoy-only and oil supply is down 5.7 million barrels per day.