Gold Holds Above $4,300 Despite Fed & BOJ Rate Hikes - Crux Investor
Gold Holds Above $4,300 Despite Fed & BOJ Rate Hikes - Crux Investor
Source: Crux Investor
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DW NOTE
The Fed raised rates into an energy shock that's already cut global oil supply by 6%. Gold is down 17% from its January peak, but it's still above $4,300 while Treasury yields climb toward 5%. That's not a flight to safety — that's a vote of no confidence in the purchasing power of every alternative.