Gold Holds Near $4,600 as Investors Focus on Fed Rate-Hike Path - Bloomberg
Gold Holds Near $4,600 as Investors Focus on Fed Rate-Hike Path - Bloomberg
Source: Bloomberg
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DW NOTE
Gold at $4,664 isn't holding near anything — it's down 12.3% from its January peak of $5,318. The Fed isn't hiking; it held at 3.65% in July and is expected to stay there through year-end. If investors are focused on a rate-hike path that doesn't exist while ignoring a closed Strait of Hormuz, they're watching the wrong variables.