Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike - 24/7 Wall St.
Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike - 24/7 Wall St.
Source: 24/7 Wall St.
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DW NOTE
The Fed hiked into a Hormuz closure and a 6% contraction in world oil supply. Gold fell because real rates are rising faster than geopolitical risk can offset them. When the 10-year yields 5.27% and inflation is running 3.4%, holding a zero-yielding metal looks less like insurance and more like opportunity cost.