Gold extends gains on easing rate-hike fears, markets await Fed minutes - Reuters
Gold extends gains on easing rate-hike fears, markets await Fed minutes - Reuters
Source: Reuters
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DW NOTE
The Fed has held rates steady all year because inflation is running at 3.5% — nearly double the target — not because it's considering cuts. Gold is up because real rates are deeply negative and the dollar is being debased to finance a $1.9 trillion deficit, not because the central bank is about to ease into a supply shock.