Markets

Gold gains over 1% as oil, yields slip ahead of Fed rate decision - KITCO

Source: KITCO

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DW NOTE

Gold rises with Fed set to hike rates into a supply shock. Oil is up 68% year-over-year because 20% of global crude can't leave the Persian Gulf, and the committee's response is to tighten into it. The yield curve steepened not because inflation expectations fell, but because growth expectations did.

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