Gold Defies Rate Hikes: Why High Rates Are Losing Their Grip on Bullion - nai500.com
Source: nai500.com
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DW NOTE
The Fed just raised rates for the first time in three years and gold is down 16.8% from its January high — that's not defying gravity, that's a 17% drawdown. When a headline claims an asset is "defying" something, check whether it's actually falling.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com
Gold retreats on stronger dollar; traders brace for Fed - Kitco
The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu