Gold could do well as Trump admin and Fed face a reckoning over interest rates - Commerzbank - KITCO
Gold could do well as Trump admin and Fed face a reckoning over interest rates - Commerzbank - KITCO
Source: KITCO
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DW NOTE
Commerzbank thinks gold will rally because Trump and Powell are headed for a fight over rates. They're not. The Fed is holding at 3.5%-3.75% with inflation above target and oil up 26% in a month because the Strait of Hormuz is closed. The reckoning isn't between Trump and the Fed — it's between the Fed's 2% target and the fact that 6% of global oil supply just disappeared.