Gold edges higher on softer oil; Fed rate outlook in focus - Reuters
Gold edges higher on softer oil; Fed rate outlook in focus - Reuters
Source: Reuters
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DW NOTE
Gold is 21% below its January high while oil sits 12% under its peak — seven days into a closure of the chokepoint carrying a fifth of global supply. The market is pricing insurance, not scarcity. When tankers resume transit through Hormuz, watch whether gold finds a floor or whether this was simply a failed inflation hedge in a cycle where the Fed tightens into supply shocks.