Gold futures slipped below $4,050 ahead of Fed decision. - CME Group
Source: CME Group
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DW NOTE
Gold is down 24% from its January peak despite the Strait being effectively closed and oil up 71% year-over-year. That's not a safe haven — that's an asset losing to real supply shocks. The Fed holds at 3.90% while deficit spending runs at 6% of GDP. Gold should be the beneficiary. Instead it's getting liquidated.
Bitcoin, Ethereum, Dogecoin Gain, but XRP Falls as Kevin Warsh-Led Fed Holds Rates Steady: Analyst Puts - Benzinga
Bitcoin fell below $80,000 as Samsung-driven tech weakness and a hawkish Fed hold triggered a broad risk-off move. Crypto futures saw $356 million in liquidations.
Ten years ago, European countries were closing refineries while Gulf oil states were building new ones. Now, many of these refineries have been damaged in the war between the U.S. and Israel, and Iran. Fuel output from one of the biggest refining regions is not going to be coming back soon. Neither
Gold steadies, silver falls as Fed holds rates, two officials favor hike - Kitco PM Report - Kitco