Gold Edges Higher as Traders Ease Rate-Hike Bets on Warsh Speech - Bloomberg.com
Gold Edges Higher as Traders Ease Rate-Hike Bets on Warsh Speech - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Warsh hasn't been at the Fed since 2011. If traders are shifting rate expectations because a former governor gave a speech, they're either front-running a reappointment or mistaking commentary for policy. Gold is up 0.3% while the VIX jumped 34.7% this week — that's not a haven bid, that's indecision priced in milliseconds.