Gold hovers near seven-week high on easing rate hike concerns - KITCO
Gold hovers near seven-week high on easing rate hike concerns - KITCO
Source: KITCO
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DW NOTE
Gold at $4,301 is 19% off its January peak — the headline calls this "near a seven-week high," which translates to "still deep in drawdown." The Fed is holding at 3.5% while official inflation runs at 3.5% headline and 5.5% producer-level, meaning real rates are negative no matter how you measure them. A gold rally in that environment isn't about "easing rate hike concerns" — it's about investors pricing the gap between what central banks say and what their balance sheets do.