Gold drifts higher, eyes on Fed Chair Warsh's comments - Reuters
Source: Reuters
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DW NOTE
Kevin Warsh has no monetary theory beyond "credibility," which he defines as whatever he happens to believe at the time. Gold is up 14.2% this month while oil falls 26.9% from its peak despite a six-month Strait of Hormuz blockade — a commodity split that says the market is pricing currency risk, not just supply shocks.
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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des
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