Gold Holds Decline as Mideast Flare-Up Raises Fed Rate-Hike Bets - Bloomberg.com
Gold Holds Decline as Mideast Flare-Up Raises Fed Rate-Hike Bets - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Gold fell 15.6% from its January peak to $4,488 despite a closed Strait of Hormuz, 2,000 stranded ships, and a 6 million barrel-per-day oil shortage because markets now price rate hikes, not geopolitical risk. When the Fed matters more than Persian Gulf supply lines, the safe-haven bid was narrative, not conviction.