Gold holds ground as investors await Fed policy cues - Reuters
Gold holds ground as investors await Fed policy cues - Reuters
Source: Reuters
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DW NOTE
The Fed holds rates near zero for the better part of a decade, then spends three years hiking into a recession, then pivots back to cuts — and now the market expects them to hike again with oil at $102 and the Strait of Hormuz shut. Gold is down 18% from its January high precisely because investors keep waiting for policy cues instead of pricing the supply shock that's already here.