Gold holds firm despite elevated yields as Fed bets soften - Kitco PM Report - Kitco
Source: Kitco
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DW NOTE
The Fed hiked into a supply shock and gold still fell 21% from its January high. That tells you the market believes rate policy matters more than a closed Strait of Hormuz — a judgment that will look impressively stupid if inventories keep draining at 3 million barrels a day.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com
Gold retreats on stronger dollar; traders brace for Fed - Kitco
The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu