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

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.

Read the full story at Bloomberg.com →