Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations - Bloomberg.com
Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Gold is up because traders expect fewer rate hikes, but the Fed hasn't hiked once in 2026 — it's been on hold the entire year with inflation at 3.5%. This is not easing expectations, it's resignation that the central bank won't act against price growth it cannot control without breaking something larger.