Gold Ignores Lower Dollar/Oil to Focus on the Fed - KITCO
Gold Ignores Lower Dollar/Oil to Focus on the Fed - KITCO
Source: KITCO
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DW NOTE
Gold fell through $4,030 while the dollar weakened and oil rose — the classic setup for a rally that didn't happen. The Fed meets tomorrow. When an asset ignores its usual correlations to stare at a single event, it's either pricing in a shock or has already priced in disappointment.