Gold crosses a historic milestone, Fed says 'Yeah, but...' - KITCO

Source: KITCO

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DW NOTE

The Fed watched gold climb 25% year-over-year to $4,467 and decided the threat was inflation, not the currency. Gold is 16% off its January peak — hardly a panic bid — but still priced in a world where the Strait of Hormuz has been shut for 189 days and central banks are net buyers for the fifth straight year. The metal isn't breaking out; it's holding altitude.

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