Gold Declines as Renewed US-Iran Strikes Raise Rate-Hike Bets - Bloomberg.com
Gold Declines as Renewed US-Iran Strikes Raise Rate-Hike Bets - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Gold is down 22.6% from January's $5,318 high even as the Strait of Hormuz remains throttled at half normal capacity and Russia kills eight Ukrainians this week. Apparently traders believe rate hikes matter more than supply chains that still don't work.