Gold and Silver Price Forecast: Fed Hike Risk Threatens Support - FXEmpire
Gold and Silver Price Forecast: Fed Hike Risk Threatens Support - FXEmpire
Source: FXEmpire
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DW NOTE
The Fed is pricing in a hike while gold sits 17% off its January high. If they raise into a Middle East supply shock with Hormuz still closed and oil at $100, they're choosing headline inflation over the fact that productive capacity just lost 5.7 million barrels per day. Support levels don't matter when the policy error is baked in.